They reach consensus on production and production sharing
Cartels try to ensure minimum level of profit for each member
Cartels are legalized entities
Cartels are not legalized entities as they are collusive arrangements to influence the market.
A cartel is an arrangement/organisation among producers or business firms to exert control over market by influencing price of the product or setting production targets. The main purpose of cartels is to maximize profit, or to avoid losses among the member firms.
Leverage is an increasingly used term in finance. It indicates borrowings to finance investment for a company. Leverage is the investment strategy of using borrowed money. The investor uses borrowed money to make investment. The debt used to finance the firm's assets. A firm with significantly more debt than equity is described as highly leveraged.
Less than three years and a turnover of not more than Rs 25 crore
Less than five years and a turnover of not more than Rs 25 crores
Less than seven years and a turnover of less than Rs 25 crore
Less than ten years and a turnover of less than R 100 crore
An entity shall be considered as a Startup:
1. If it is incorporated as a private limited company or registered as a partnership firm or a limited liability partnership in India.
2. Up to ten years from the date of its incorporation/registration
3. If its turnover for any of the financial years since incorporation/registration has not exceeded Rs 100 Crores
4. If it is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation
Note: An entity formed by splitting up or reconstruction of a business already in existence shall not be considered a ‘Startup’.
It is industrial expansion used by four different types of industrial robotics.
It is the next industrial revolution supported by cloud computing
It indicates the industrialization revolutionized by the use of exponential technologies
It is information revolution
Industry 4.0 is also referred as fourth industrialization. Fourth Industrialization means the revolutionizing exponential technologies that brings the next or fourth industrialization worldwide. It is integrating the digital technologies, robotics, sensors, fast computing, 3D printing etc into manufacturing