In which situation can product diversification strengthen an artisan's livelihood?
Answer and explanation
Correct answer: When demand for only one product starts falling
Diverse products can reduce income risk. In exams connect diversification with risk reduction.
Frequently asked questions
What is the correct answer to this question?
When demand for only one product starts falling
Why is this the correct answer?
Diverse products can reduce income risk. In exams connect diversification with risk reduction.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Visual arts.