Question

mention any two features of cottage industry​

Answer 1

Answer:

Explanation:

• They make use of simple types of equipment.

• The capital investment is minimal.

• 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. ...

Answer 2

Answer:

A cottage industry is a sector of the economy, typically in manufacturing, that employs a large number of producers who operate from their homes and was frequently set up via the putting-out technique.

What are the features of Cottage industry?

• The merchant capitalist and the rural labourer were the two main contributors to this system.
• Basic supplies were "put-out" to the cottage workers by the merchant, who then had them prepared in their cottages and returned the finished goods to the merchant.

• The phrase initially applied to people who worked from home and produced items like clothing, lace, wall hangings, electronics, or household goods.

• Before the Industrial Revolution, some enterprises that are now often run from massive, centralised facilities were cottage industries.
• The family and the skill that is accessible nearby make up the labour force in cottage enterprises.
• The tools utilised are extremely basic.The capital expenditure is modest.
• Private sources are used to obtain the materials.It uses local technology.
• They typically manufacture modest goods on their own property.
• Using straightforward machinery to produce items,utilising local technology to manufacture things.
• Individuals with private resources are in charge of organising the industries.
• The production involves a minor quantity of capital investment.The goods are made on the company's property.
• Locally available talent and family labour are used by industries.

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