Importance of cottage industry or village industries
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Answered by
7
Cottage industry or village industries plays a very vital role in the society and brings out rural development.
These industries leads to the improvement in social and economic condition.
It brings an overall balance in of rural and urban industrial activities. Which in turns retards migration from rural to urban areas.
It improves productivity through personal efforts to raise operational funds and effective use of such capital to provide marketable finished products.
Cottage industries are of great importance since they can be carried on with the help of family members.
They do not require large premises, huge machines and even great investments.
They not only increase the income of the family but also help in reducing the unemployment rate.
They help in raising the living standards of the family involved.
Cottage industries prevent the evils of industries concentrations as for in stance big industries can only be located in certain parts of the country where the necessary infrastructures already exists.
These industries leads to the improvement in social and economic condition.
It brings an overall balance in of rural and urban industrial activities. Which in turns retards migration from rural to urban areas.
It improves productivity through personal efforts to raise operational funds and effective use of such capital to provide marketable finished products.
Cottage industries are of great importance since they can be carried on with the help of family members.
They do not require large premises, huge machines and even great investments.
They not only increase the income of the family but also help in reducing the unemployment rate.
They help in raising the living standards of the family involved.
Cottage industries prevent the evils of industries concentrations as for in stance big industries can only be located in certain parts of the country where the necessary infrastructures already exists.
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Answer:
A cottage industry is a small manufacturing operation, often run out of a person's home. Cottage industries play a significant role in the economies of developing countries. Small-scale cottage industries also are an important source of employment, especially in rural areas.
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