What is cottage industry.????
Characteristics of cottage industries........(any 4)
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Answers
Answer:
Cottage industries are the home-based units of production which rely on human- or animal-propelled skills and technology. They are characterized by accessibility to raw materials, low costs of operation, and proximity to markets.
There are four types of industry. These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing. Secondary industry involves manufacturing e.g. making cars and steel.
Explanation:
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Cottage industries are those Industries where in the production of goods and services is done in home of the artisans and not in any factory .
CHARACTERISTICS OF COTTAGE INDUSTRY::::
1. It is carried on primary with the help of family member.
2. Capital investment is very less.
3. Production is done with simple tools.
4. Located in the homes of the artisans.
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