Explain the meaning of cottage industries with examples.
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A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. ... They often focus on the production of labor-intensive goods but face a significant disadvantage when competing with factory-based manufacturers that mass-produce goods.
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A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. ... They often focus on the production of labor-intensive goods but face a significant disadvantage when competing with factory-based manufacturers that mass-produce goods.
Basket weaving, pottery and other handicrafts are examples of the cottage industry.
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