Understanding Small Scale Manufacturing: The Basics and Beyond
Small scale manufacturing refers to the production of goods on a smaller scale, often characterized by limited investment, smaller workforce, and targeting niche markets. It plays a crucial role in providing opportunities for innovation and entrepreneurship. With access to affordable technology and changing consumer preferences, small scale manufacturers can thrive in today's market. In this article, we delve into what small scale manufacturing entails and its significance in today's economy.
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