What is cottage industy?

Answer 1

Cottage industry refers to small-scale, decentralized manufacturing activities that are often carried out in individuals' homes rather than in large factories. This type of industry typically involves the production of handmade goods, crafts, or agricultural products, relying on local resources and labor. Cottage industries are characterized by low capital investment and can provide supplementary income for families while preserving traditional skills and craftsmanship. They play a significant role in many economies, particularly in rural areas.