Skip to main content

WHAT IS MSME's ?

MSME 

The MSME's stands for "micro, small and manufacturing enterprises" development act 2006 is the Act of parliament of India. 

manufacturing



According to that Industries are divided into two types :-

1. Manufacturing Industries
2. Services Industries 

1.Manufacturing Industries : It is basically a term which is based on the INPUT and OUTPUT . any firm or organization in which production is going on for any product , is called as the manufacturing unit or manufacturing industry.
And one of the major part of manufacturing unit is the process. That means when any type of input('raw materials') is giving to the workers or machines they do some work on that to get the required output or required product , So this is known as the process.
Here is the representation of important step which involves in the manufacturing unit.


2. Services Industries : The service Industries are the industry who provides any type of service to the businesses or directly to the consumer . 
As we know financial services , restaurant services , tourist services etc.
So , these type of industries comes under the 'service industries'.




Labels:

Comments

Post a Comment

Popular posts from this blog

Data Analysis

What data analysis is ? First we should know , what data is here ? Data can be a qualitative or quantitative values . and also data is know as the information about person or any object . let, suppose we have a service type company . In one month whatever we serve , it store in the database  like (customer name, customer address, product name ) etc. then these all things which are stored will work as a data for our company. And analysis is the term related to the forecasting . by using data , when we predict or make easy understandable approach of any data is called analysis. There are multiple ways to analysis our data like (through excel application we can make chart , by using data science concept " matplotlib or pandas " we can analyse our data ) . Analysis Why do we need to analyse our data ? Now , again try to understand by above example . According to above example , if we have data stored in the database then what is the use of that data , why we are storing data in...
Post a Comment
Read more