V. Write Short Answer
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.
is meant by an industrial cluster?
cluster is a group of firms in a defined geographic
area that share common markets, technologies and skill requirements.
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.
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.
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.
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.
is a process of action of an entrepreneur who undertakes to establish his
• It is the ability to create and build something.