Question

Guys I need a answer what are cottage industries? Give two examples

Answer 1

Answer:

Cottage industries are the type of industries where artistic and creative goods are produced using manual labour and techniques—for example, the handloom and the weaving industry.

The features of cottage industries are:

They're set up or organised by people with private resources and raw materials.

They usually use locally available members to get the work done. Sometimes the family members also become a part of it.

They make use of simple types of equipment.

The capital investment is minimal

They make use of indigenous technology for producing their goods.

They make use of minimal raw materials to produce simple goods.

Answer 2

Answer:

$A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. ... They often focus on the production of labor-intensive goods but face a significant disadvantage when competing with factory-based manufacturers that mass-produce good$

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