Question

Explain any three characteristics of household industries

Answer 1

Answer:

Three characteristics of household industries are:

A) Generally they require less capital to be productive as compared to of large industries.

B) Most of them are found in rural and less developed areas.Example Pickles and Handicrafts.

C) If the materials which are manufactured in small scale industries are made in less amount and their demand is high is more than the prices of the goods made their will increase which will increase the profit.

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