The correct answer is: C) Small and medium enterprises (SMEs).
Small and medium enterprises (SMEs) are defined as enterprises that employ fewer than 250 people and have an annual turnover of less than â¬50 million. SMEs are the backbone of the economy in Kerala, accounting for over 90% of all enterprises and over 60% of employment. The main traditional industries in Kerala are agriculture, fisheries, handloom and handicrafts, coir, and spices. These industries are mostly carried out by SMEs, which are often family-owned and operated. SMEs play a vital role in the economy of Kerala, providing employment, generating income, and promoting economic development.
Large-scale manufacturing is the production of goods on a large scale, typically using machines and other equipment. Heavy industries are industries that produce large, complex products, such as automobiles, aircraft, and machinery. Multinational corporations are companies that have operations in multiple countries.
Large-scale manufacturing, heavy industries, and multinational corporations are all important parts of the global economy. However, they do not play a significant role in the economy of Kerala. The main traditional industries in Kerala are agriculture, fisheries, handloom and handicrafts, coir, and spices. These industries are mostly carried out by SMEs, which are often family-owned and operated. SMEs play a vital role in the economy of Kerala, providing employment, generating income, and promoting economic development.