Explain the characteristics of a cottage and rural industry.
Answers
Answer:
They usually use family labor; since they are rural based, laborious who work under the cottage industries are acquired from rural families
Explanation:
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Answer:
They usually use family labor; since they are rural based, laborious who work under the cottage industries are acquired from rural families. they are less skilled. Capital used is small;these industries don't require much capital because they are usually small firms managed by individuals with private resources.
What are the characteristics of cottage industry?
Cottage industries are the home-based units of production which rely on human- or animal-propelled skills and technology. They are characterized by accessibility to raw materials, low costs of operation, and proximity to markets.
Explain the characteristics of a cottage and rural industry.
They usually use family labor; since they are rural based, laborious who work under the cottage industries are acquired from rural families. they are less skilled.
What are the characteristics of cottage industry?
Cottage industries are the home-based units of production which rely on human- or animal-propelled skills and technology. They are characterized by accessibility to raw materials, low costs of operation, and proximity to markets.
What are the characteristics of rural industries?
Features of Rural Industries:
Rural industries are labour intensive, thus have high potential in employment generation.
High potential for income generation in rural areas.
Very low investment in plant and machinery.
Low gestation period.
Use of locally available raw materials.
Use of traditional skills.
Explanation: