answersLogoWhite

0


Best Answer

Eventhough in the present fully industrialized and globalized world, mostly charecterised by the competition of marketing, one may wonder regarding any advantage of a cottage industry. But in short, i shall brief some merits and advantages of such cottage industries:

1. The reason for the growth of cottage industries in the 18th Century before the industrial revolution still remains - people having no farm or agricultural land. Such people can involve in cottage industries even now and find their livelihood in an easily manner if the authorities take care of the supply of raw materials and the marketing of finished products.

2. The cottage industries do not require large capitals to start and the maintainance of such system is also low cost. Most of the works are done by the family members by hand and the production cost also would be less; but the volume of production would be very less.

3. The manual skills of elder generations can be utilized; there by reducing the idle manhours of the society.

4. General self sufficiency of the microsocieties can be guaranteed, especially for countries based on village life. For a country like India where most majority of village people cant take part in the result and the merits of Industrial revolution, the small scale cottage industries can be an alternative for big industries and assuring wealth production.

5. The self pride of the village people can be raised and thereby increasing their role in the empowerment of the whole nation.

User Avatar

Izaiah Smith

Lvl 10
2y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

13y ago

Eventhough in the present fully industrialized and globalized world, mostly charecterised by the competition of marketing, one may wonder regarding any advantage of a cottage industry. But in short, i shall brief some merits and advantages of such cottage industries:

1. The reason for the growth of cottage industries in the 18th Century before the industrial revolution still remains - people having no farm or agricultural land. Such people can involve in cottage industries even now and find their livelihood in an easily manner if the authorities take care of the supply of raw materials and the marketing of finished products.

2. The cottage industries do not require large capitals to start and the maintainance of such system is also low cost. Most of the works are done by the family members by hand and the production cost also would be less; but the volume of production would be very less.

3. The manual skills of elder generations can be utilized; there by reducing the idle manhours of the society.

4. General self sufficiency of the microsocieties can be guaranteed, especially for countries based on village life. For a country like India where most majority of village people cant take part in the result and the merits of Industrial revolution, the small scale cottage industries can be an alternative for big industries and assuring wealth production.

5. The self pride of the village people can be raised and thereby increasing their role in the empowerment of the whole nation.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the advantages of cottage industry?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What advantages did the cottage industry offer the merchants?

weapons, clothing, matiral, ect.;


What advantages did cottage industry offer to merchants?

weapons, clothing, matiral, ect.;


Four features of a cottage industry?

Four features of Cottage Industries are: 1) Cottage industry creates employment. 2) Cottage industry is use of mainly local raw materials. 3) In cottage industry little technology is used and is not costly. 4) In cottage industry there is no need for large space.


Was weaving a cottage industry?

Yes, Weaving was a cottage industry. xxxx


Aims and objectives of cottage industry?

The aims of cottage industry is to provide shelter.


Difference between a cottage industry and a commercial industry?

cottage industry is homemade/hand made commercial industry is machine made and is made in mass productions while cottage is made as needed.


What is cottage industry in Malaysia?

What is the meaning of cottage industri


What is the difference between cottage industry and the commercial industry?

Cottage industry is more home-based, when commercial industry is products made for profit.


Why it is important to have cottage industry?

a bback round of cottage industry is a narrow place where you grow food


The cottage industry was replaced by mills?

The cottage industry that was replaced by mills was the production of yarn and cotton thread. The production of flour was also a cottage industry that was replaced by huge mills.


How do you promote cottage industry?

A cottage industry is an industry ran out of the home with the only workers being members of the family. Promotion for a cottage industry can be done by word of mouth, online social media, and printed media.


What are merits and demerits of cottage industries?

what are the disadvantages of cottage industry