What Is Cottage Industry?

What Is Cottage Industry?

1 Answer

  1. If you have known anybody in your area selling handicrafts from their houses having their own unit, then you do know what it is. By the definition: cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility.
    Generally, 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 like handicrafts or baked food etc.
    In simple terms we can say a cottage industry is a small manufacturing operation, often run out of a person’s home.
    These industries play a significant role in the economies of developing countries as these are an important source of employment, especially in rural areas.

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