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Geography Optional 300+ Score Pack · Model answer

What are the desired possible changes in our trade policy to promote the development of cottage industry?

  • UPSC 2014
  • Industry

Cottage industry is household-based production by artisans using local raw materials, family labour and traditional technique, distinguished from small-scale industry by the absence of hired outside labour; its trade disability is one of fixed transaction cost per consignment, not of unit price.

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What the full answer covers

  • Where Trade Policy Currently Binds
  • The Desired Changes
  • Verdict

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