Economy, asked by miscacc8231, 1 year ago

Write the short note on cottage industry

Answers

Answered by hyfah
37

Explanation:

business or manufacturing activity carried on in people's homes

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.

Answered by ankitgupta82
24

Answer

Cottage industry or home industry means the manufacturing of goods at home by hands, with small capital and on a small scale by the members of a family. ... In the past cottage industries played an important role in the economy of our country. They provided employment to a large number of people.

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