Write short note on advantages of cottage industry.
Answers
A major benefit of cottage industries is that they allow people to work from their homes. Women have benefited the most because they can work from home while still tending to their families. Many cottage businesses include the entire family in their operations, however, including husbands and children.
Advantages of cottage industry are as follows:
Explanation: Cottage industries are the small scale manufacturing units basically operated from the home. These are generally defined in terms of the amount of investment done and number of people employed. Example: hand-loom weaving, hand made paper industry, horn button industry etc.
ADVANTAGES:
1. Utilization of local resources: Cottage industries make efficient and effective use of local resources in order to make the final product. This not only benefits in optimum utilization of resources but also in producing product with reasonable prices.
2. Low operation costs: Cottage industries are exempt from various formalities and fees such as registration fees. Additionally, these are run from home itself. All these factors reduce the operating costs of the cottage industries.
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