state the features of cottage industry?
Answers
Explanation:
There are 6 features of cottage industries which are as followed:
1. Using simple equipments in the production of goods.
2. using indigenous technology for producing goods.
3. The industries are organised by individuals having private resources.
4. A small amount of capital is invested in the production.
5. Products are produced in their own premises.
6. Industries uses family labour and locally available talent.
Explanation:
The features of cottage industries are as follows:
1.They're set up or organised by people with private resources and raw materials.
2.They usually use locally available members to get the work done.
3.They make use of simple types of equipment.
4.The capital investment is minimal.
5.They make use of indigenous technology for producing their goods.
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