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What are the benefits of Cottage Industry is?
Low cost
Employment of family members
Use of local material
Provide a link with the tourist industry
Use local material.
Improvement of skill base.
The tourism industry depends on the agricultural sector and the cottage industry for products such as fruits, vegetable, and craft items.
What type of Linkage industry I'm I?
Backward industry
Fact or Fiction?
The profits made from Cottage Industry are ploughed back into the business.
Fact
What is Secondary Industry?
Secondary industry converts the raw materials provided by primary industry into commodities and products for the consumer; manufacturing industry.
True or False?
For a cottage industry, large amount of capital is needed
False
What is Primary industry?
Primary industry has to do with natural resources from nature, such as mining, agriculture, or forestry, that is concerned with obtaining or providing natural raw materials for conversion into commodities and products for the consumer.
Advantage of Linkage Industry
In the case of forward Linkages, it is clear that the producer can guarantee the movement of the product. In other words, there is an outlet for the product.
There are more opportunities for employment. More opportunities for employment means that the people of a country can improve their standard of living.
Linkages generate income. Income earned is eventually spent in the economy, and thus sets the stage for the multiplier effect to be put in motion.
This is when the products of an industry are used by businesses further in the chain of production. What I'm I?
Forward linkage
____________ emerge from a situation in which one industry produces something, which another industry depends upon to carry out its own activities.
Linkage Industries
The poultry farm supplies chicken to the restaurant what type of linkage industry is this?
Forward
True or False?
Small-scale production will not benefit from economies of scale, so cottage industries may have a higher average costs than factory produced
True
The hospitality and tourism industry depends upon the agricultural sector for inputs such as food needed to serve its guests.
Of which industry is this?
Linkage
What is Cottage Industry?
1. An industry where the creation of products and services is home or community based rather than factory based.
2. Exists where families produce marketable items with simple tools and using the labour of family or local community members only.
What is Linkage Industry?
A linkage industry is an industry which is associated or connected to other industries in such a way that the existence of one is dependent on the other, or it enhances the other’s production process.
List some examples of Cottage Industry
Pottery
Leatherwork
Woodwork
handcrafts
Barbering
Small/corner shops
basketry
Small restaurant
True or False?
In linkage industry, one industry depends upon another to carry out its own activities.
True
Give examples of Linkage Industry
The hospitality and tourism industry depends upon the agricultural sector for inputs such as food needed to serve its guests.
The food canning industries depend upon the agricultural sector
Dairy producers depend upon livestock producers
Another name for linkage is?
“spin-off industry or screw driver industry”.
True or False?
Linkages generate income. Income earned is eventually spent in the economy, and thus sets the stage for the multiplier effect to be put in motion.
True
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What are the different types of linkage industry?
Backward and forward linkage industries
_____________ exists where families produce marketable items with simple tools and using the labour of family or local community members only.
Cottage Industry
Features of Cottage Industry
Small capital is needed.
Use of simple tools and equipment.
The profits made are ploughed back into the business.
These are usually one-person businesses, partnerships are very small family businesses.
When the demand of one industry leads to the development of another.
What type of Linkage industry is this?
Forward Linkage
List some advantages of Cottage Industry
Low cost
Employment of family members
Use of local material
Provide a link with the tourist industry
Use local material.
Improvement of skill base.