Backward linkages can be defined as "the growth of an industry leads to the growth of the industries that supply inputs to it". As in the case of cotton industry, growth of the textile industry may support the growth of the cotton industry, which will lead to higher incomes for cotton farmers and will create a greater demand for goods and services in the countryside Forward linkages exist when the growth of an industry leads to the growth of other industries that uses its output as input. The final product of cotton goes to consumers either through retailers or through manufacturers who open up their own shops to directly sell to consumer, thereby minimising the role of retailers in the channel process. A company can minimize cost of production and can maximize revenue when both backward and forward linkages work together in effective way.
there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.
There are three benefits of specialization. The three benefits are cost, skill and host.
is where an economic sector provides the necessities of other sectors.
South is so backward because of economic inequality, and racial segregation.
example of backward linkages
backward linkages is when one industry or sector has to depend upon another industry that id not is not directly related to it for services and a forward linkages is when one industry or sector produces the raw materials for another
Background linkages-Wooden pegs for looms/fertilizes. Product-Sinamay cloth Forward linkages-Place mat, Sewing machine, Dye. Ps: this is written on a chart.
Froward Linkages - When one industry or sector produces the raw materials for another, this is referred to as the forward linkage. Forward movement of the activity Backward Linkages - Means that one industry has to depend upon another industry that is not directly related to it for services.
yes
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Backward linkages can be defined as "the growth of an industry leads to the growth of the industries that supply inputs to it". As in the case of cotton industry, growth of the textile industry may support the growth of the cotton industry, which will lead to higher incomes for cotton farmers and will create a greater demand for goods and services in the countryside Forward linkages exist when the growth of an industry leads to the growth of other industries that uses its output as input. The final product of cotton goes to consumers either through retailers or through manufacturers who open up their own shops to directly sell to consumer, thereby minimising the role of retailers in the channel process. A company can minimize cost of production and can maximize revenue when both backward and forward linkages work together in effective way.
Forward Linkages have the benefit of spill overs from upstream firms to downstream firms. Domestic firms benefit from MNEs vertical spillovers and competetion effect.
a forward linkage because it benefits on other business to give them they manufactured product
The type of linkage is backward linkage.This refers to when a business is not directly linked to a firm or business for its raw material.
linkages
examples of forward linkages