(a) State four characteristics of local craft industries.
(b) Identify three limitations of local craft industries.
(c) Explain five factors that have contributed to the high volume of trade between the developed and Tropical African countries.
(a) State Characteristics of Local Craft Industries: - Individual/family ownership -Skills passed on from generation to generation -Traditional in nature -Simple tools are used - Low technology is used -Local raw materials are used -Less capital intensive -Production is low -Product for local market -Employs few people -Less power supply required -Limited space required -some with long period of apprenticeship-All year round employment Energy/time consuming -Irregular working hours -Small Scale in plant size -Irregular income -Product of high artistic value -Less government support -Needs less electric power -Prices of product are negotiable -Ūse of family labour-Mostly located in rural areas Shortage -Some practiced on part-time basis.
(b) Identify Limitations of Local Craft Industries:-Shortage of labour -Inadequate capital/little access to loan -Poor/inadequate transport-High freight charges -Taste for foreign products - Shortage of raw materials -Competition from imported substitutes -Low patronage/demand -Limited production -Little or no government support -Irregular working hours -Irregular income -Low interest shown by the youth towards the industry-Limited research application Inadequate publicity.
(C) Explain Factors that have contributed to the High Volume of Trade Between the Developed and Tropical African Countries:--Non similarity of products -Differences in taste and culture - Differences in prices of goods -Preference of imported goods -Political consideration -need to improve standard of living -Political stability -Absence of trade unions or barriers -Differences in import duties -Differences in quality of products -Colonial ties-Differences in climate -Desire for new products -Need for foreign exchange-Generation of revenue --Need for expansion of market -For increased Gross Domestic Products (GDP) -Employment opportunity-Acquisition of skills/expertise-Differences in natural resource endowment-Stimulation of other sectors of the economy -To enhance balance oI payment~Benefit of comparative cost advantage.
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