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A cottage industry is even smaller than a small scale industry. For example weaving at home and selling is a cottage industry while a small scale industry is lesser in technology and capital than a large scale industry but is bigger than a cottage industry.

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9y ago
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2w ago

A cottage industry typically involves individuals working from their homes, producing goods on a small scale. In contrast, a small-scale industry involves a small business entity that operates on a slightly larger scale than a cottage industry, often employing a small number of people and having a formal workspace.

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Q: What is the difference between a cottage industry and a small-scale industry?
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