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.
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.
Disadvantages of cottage industry Low output Lack of standardization, no common spare parts High cost of product
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Spinning thread was an important cottage industry at one time, and it is from this that the word spinster comes. Weaving is another example. There is a link below.
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weapons, clothing, matiral, ect.;
weapons, clothing, matiral, ect.;
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.
Yes, Weaving was a cottage industry. xxxx
The aims of cottage industry is to provide shelter.
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 the meaning of cottage industri
Cottage industry is more home-based, when commercial industry is products made for profit.
a bback round of cottage industry is a narrow place where you grow food
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.
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 the disadvantages of cottage industry