Question

what is cottage industries
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Answer 1

Answer:

A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. Cottage industries are defined by the amount of investment required to start, as well as the number of people employed. 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.

Explanation:

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Answer 2

Cottage industry enterprises are simple to establish. A business manager or operator (who is also a supplier of raw materials) travels the globe in search of the required raw materials. The raw materials are subsequently distributed to the producers, who then return the finished product for sale in local or international markets.

Explanation:

• By definition, a cottage industry is a form of production in which goods and services are produced in small numbers at home rather than in large amounts in a factory.
• The bulk of cottage industries concentrate on producing one-of-a-kind goods and services, which demand a significant number of part-time workers.
• Furthermore, because this industry does not require a significant sum of money to get started, it generates a decent amount of revenue.
• Regrettably, they do not receive the same amount of government support as large-scale businesses who contribute significantly to the economy because they are small-scale companies.