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Question
Highlight the difference.
Medium industries – heavy industries
Solution
| Basis | Medium industries | Heavy industries |
| Cost | Medium industries need only low capital investment. Then the cost of capital will lower. | Heavy industries need huge capital investment. Therefore, the cost of capital will be higher |
| Output | The output production will be lower compared to heavy industries. | The production of output will higher. More output can be produced in these industries. |
| Labour involved | There will be more labour involved because of lack of machinery and low investment. | Labour involvement will be lower because of the use of machines in the industries |
| Location | It doesn't need any specific location and condition. | The Location for the heavy industries situated according to the needs of the industries and it must near the raw materials. |
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