Cottage Industries
By definition, a cottage industry is a form of production in which goods and services are produced in small numbers at home rather than on a large scale in a factory. The bulk of cottage businesses focuses on manufacturing one-of-a-kind items and services, necessitating a significant number of part-time producers.
Additionally, because this sector does not require a huge amount of capital to begin, the firm makes a reasonable amount of money. Sadly, they do not receive the same amount of government assistance as large-scale businesses that contribute considerably to the economy since they are small-scale companies.
Cottage Industries
Small-scale businesses known as cottage industries are often operated from homes or tiny workshops. These sectors employ manual labour and inexpensive instruments, and they have modest capital investment requirements.