Satish Billa

The features of cottage industries are as follows:

Simple equipments: Simple equipments are used in the production of goods.

Indigenous technology: Indigenous technology is used for producing goods.

Individuals: The industries are organised by individuals having private resources.

Investment: Small amount of capital is invested in the production.

Simple products: Production of simple products in their own premises.

Family labour: Cottage industries use family labour and locally available talent.

The public sector is usually composed of organizations that are owned and operated by the government. This includes federal, provincial, state, or municipal governments, depending on where you live. The private sector is usually composed of organizations that are privately owned and not part of the government. These usually includes corporations (both profit and non-profit) and partnerships.An easier way to think of the private sector is by thinking of organizations that are not owned or operated by the government.

The advantages of international business are discussed below:
i. Employment: International business helps in increasing employment opportunities in the export-oriented industries.
ii. Growth of economy: Underdeveloped and developing countries can exploit their unutilized natural resources with the import of technical know-how, machinery, and equipment from the developed countries.
iii. Optimum utilization of resources: International business leads to international division of labor and specialization. It reduces wastage of resources resulting from the production of uneconomic goods. The resources are also used efficiently.

Steps involved in online trading are:
1. Registration: Before online shopping, one has to register with the online vendor by filling up a registration form. Registration means that you have an 'account with the online vendor. Among various details that need to be filled in is a "password" as the sections relating to your 'account7' and 'shopping cart' are password protected otherwise, anyone can, log in using your name and shop in your name. This can put you in trouble.
2. Placing an order: You can pick and drop the items in the shopping cart. The shopping cart is an online record of what you have picked up while browsing the online store. Just as in a physical store you can put in and take items out of your cart, likewise, you can do so even while shopping online. After being sure of what you want to buy, you can 'checkout' and choose your payment options.
3. Payment Mechanism: Payment for the purchases through online shopping may be done in a number of ways:
(i) Cash on delivery (COD),
(ii) Cheque.
(iii) Net banking transfer.
(iv) Credit cards.
(v) Debit cards.
4. Digital cash: Digital cash is a type of electronic currency which is found only in cyberspace. It has no physical real properties but still can be used as a real currency in an electronic format. The amount equal to the digital cash which the buyer wants to get issued in his favor is deposited by him in the bank dealing with digital cash through cheque, drafts, etc. The bank sends a special software to the buyer. Hence, while making online purchases, the buyer can make the payment by drawing digital cash from his account with the bank.