A Revival Strategy for Sick Units and an Industrial Sickness Study

Exploring the impact of industrial disease on economic and social aspects

Abstract

'Industrial Sickness' is a broad generalized phrase that puts together two separate 'industrialization' terms, an economic transition that carries socioeconomic change in its midst, and 'sickness', a clinical-pathological nomenclature that denotes a deficiency or disorder in the body. Taken together, these two suggest a certain barrier to economic production and focus harmfully on all those associated with an industrial unit that is ill. Indeed, an ailing manufacturing unit affects the social microcosm under which it operates in many respects-owners shareholders are deprived of sufficient returns on their investment workers employees are deprived of daily wages wages giving rise to family tension and indebtedness issues the income of suppliers subcontractors is jeopardised, also causing subsistence issues for them end-product usage. Thus, industrial disease tended to be widely neglected in the public sector as well as in the small-scale market the former because of the optimism that the public market would one day hit the 'commanding heights' of the economy on its own and the latter because of the expectation that rising doses of rewards and liberalized finance would inevitably staunch the pathogenesis in this sector.