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24 J. Pol. Stud. 1 (2017)

handle is hein.journals/jlo24 and id is 1 raw text is: Journal of Political Studies, Vol. 24, Issue - 1, 2017, 01:15 Potential of Cottage Industry in Azad Kashmir and the Role of Female Entrepreneurship Faiz-ur-Rehman, Raja Nazakat Ali, Amna Aziz & Asghar Iqbal Abstract The study is aimed to explore the potential of cottage industry in Azad Jammu &Kashmir. The cottage industry holds a significant value in Azad Jammu & Kashmir where many families are engaged with it for their income generation. The indicators show that women entrepreneurship plays a significant role to boost the economic, social and cultural standard of the society. However, several problems affect the women through diverse ways due to structural inequalities. The gender relationship in household hinders women from getting their share of the economic benefits but still women continue to contribute and bear the dual workload in maintaining their status in the society. The Cross LoC Trade has opened the new advantageous opportunities for the AJ&K trading community, however; by increasing the size of the local manufacturers in Cross LoC Trade will directly benefit the home-based local industry which ultimately will improve the socio-economic status of the society. Key Words: Cottage Industry, Women Entrepreneurship, Local Manufacturers, LoC Trade. Introduction The term small-scale industry originally referred to home workers who are engaged in a task such as sewing, lace-making, wood carving or household manufacturing which can be carried at home by family members using their own tools and materials (Definition of Cottage Industry). Further, the business dictionary defines the term as home based micro enterprise or small-scale industry that commonly employs between one to ten (1-10) workers (Business Dictionary). The economic history of European World reveals that before the Industrial Revolution of 18th and 19th century, large numbers of industries were usually centralized and of them most were the cottage industries. Historians are of the opinion that cottage industry was significant warm up to the Industrial Revolution. With the passage of time, the term Cottage Industry has extended and at present is being used to refer to any event of part time work in which a large number of individuals involve. For instance, eBay is said to have spawned a cottage industry of people who buy surplus merchandise and sell it in the markets through their auction system. In fact, *Authors are Director; Assistant Professor; Research Associate at Institute of Kashmir Studies, University of Azad Jammu & Kashmir Muzaffarabad and Assistant Professor, Department of Kashmiryat, University of Punjab, Lahore. - Pakistan.