What Is the Best Definition of the Term “Cottage Industry”?
a. People who leave their homes to work for industries
b. A group or community that starts an industry together.
c. A group of cottages that serves as a factory.
d. Those who work from home to produce goods.
Answer d. Those who work from home to produce goods.
The term "cottage industry" refers to a small-scale, decentralized manufacturing business often operated from home by individuals or families, typically producing handmade goods using traditional techniques. The name "cottage industry" comes from the fact that these businesses often started in people's homes, in rural areas or villages, where people would work on their own time and sell their products locally or regionally.
Cottage industries typically involve low capital investment and a high degree of skill or craftsmanship, and are often found in sectors such as textiles, handicrafts, and food production. They are usually run by small business owners or self-employed artisans who work from their homes or small workshops, using simple tools and equipment.
In recent times, the term "cottage industry" has also been used more broadly to describe any small-scale, decentralized business that is based on traditional methods of production and operates on a local or regional level.