V. Write Short Answer
1. Why
are wages low in the agricultural sector?
• There are limits to the ability of agriculture to absorb
labour due to the declining marginal productivity of land.
• When more and more people continue to rely on agriculture for
their livelihood the wages cannot increase but remain low.
2. What
is meant by an industrial cluster?
An industrial
cluster is a group of firms in a defined geographic
area that share common markets, technologies and skill requirements.
3. What
are the routes for cluster formation?
• Industrial clusters are groups of firms in a defined
geographic area that share common markets, technologies and skill requirements.
• Certain clusters evolve over a long time, when artisans settle
in one locality and evolve over centuries (Ex: Handloom weaving clusters)
• In some sectors, when a large firm is established, a cluster
of firms may emerge to take care of its input and service requirements.
4. Mention
any three industrial development agencies in Tamil Nadu and their role
SIPCOT: SIPCOT was formed in 1971 to promote industrial growth in the
state by setting up industrial estates.
TIDCO: TIDCO was formed in 1965 to promote industries in the state and
to establish industrial estates.
TANSI: TANSI was formed in 1965. It is the first industrial corporation
operating in the domain for small enterprises.
5. What
are the problems of industrialization currently in Tamil Nadu?
• Some clusters, especially chemicals, textiles and leather tend
to generate a lot of polluting effluents that affect health. The effluents also
pollute water bodies and adjoining agricultural lands.
• Employment generation potential has declined because of the
use of frontier technology because of the need to compete globally.
• Quality of employment has suffered as most of the workers are
employed only temporarily.
6. What
is Meant by Entrepreneur?
• Entrepreneur is
an innovator of new ideas and business process.
• He possess management skills, strong team building abilities
and essential leadership qualities to manage a business.
7. What
is Entrepreneurship?
• Entrepreneurship
is a process of action of an entrepreneur who undertakes to establish his
enterprise.
• It is the ability to create and build something.
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