mention any two problems of small scale and cottage industries
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1. They don't have a large amount of capital invested so they may suffer from financial problems
2. Their machines often turn old and obsolete and they don't have complex and efficient machines that large scale industries use
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Two problems of small scale and cottage industries Finance and Raw material.
Explanation:
- Finance is important for all organizations. None other organization will able to function without the adequate funds to build or Improve.
- Many business persons are forced to borrow money from various lenders for interest to enhance their own industries for the development purpose.
- So that finance is much important for the small scale industries but this is the most important problem many of them facing in the industries.
- The availability of the raw material is very low and the quantity and quality is also less. Due to this low availability, the small scale unit was forced to buy raw materials at a high cost.
- This will increase the production cost and making their function unviable.
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