On the basis of scale, the entrepreneurs are classified into following categories:
1. Large Scale Industry entrepreneur:
The characteristics of large scale industry entrepreneur are:
a) Large number of workers;
b) Power driven machines;
c) Continuous supply of raw materials; and
d) One organization.
2. Medium Scale Industry entrepreneur:
These entrepreneurs are those persons who are engaged in industries which are working on optimum size where there is maximum efficiency in production.
3. Small Scale Industry entrepreneur:
An undertaking having an investment in plant and machinery of not more than Rs. 1 crore.