Question

Describe any three characteristics of 'household industries.

Answer 1

Answer:

The three Characteristics of Household Industries:

(i) It is the smallest manufacturing unit.

(ii) The artisans use local raw materials and simple tools to produce everyday goods in their homes with the help of their family members or part time labour.

(iii) Capital and transportation do not wield much influence as this type of manufacturing has low commercial significance and most of the tools are devised locally.

Explanation:

Smallest manufacturing unit: The official definitions of a small scale unit are as follows: (i) Small-Scale Industries: These are the industrial undertakings having fixed investment in plant and machinery, whether held on ownership basis or lease basis or hire purchase basis not exceeding Rs. 1 crore.