What Is The Best Definition Of The Term “Cottage Industry”?

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 cottage industry can be defined as a small-scale industry of manufacturing which usually operates at the domestic level and is usually run by persons or families engaged in the business. This type of industry is most defined by the speciality of producing arts and crafts in their original manual method and normally entails little capital outlay but expertise. It derives its meaning from the early processes where people worked from home particularly in rural areas or villages to produce goods that could go to the regional markets. Many cottage industries can be localized in areas of textiles, handicrafts and food processing ventures. For instance, a family could have an undertaking of weaving fabric at their residence through the use of handloom equipment. Another example could be a man who is a potter and sells his pottery products from a small house which he turns into a shop. These undertakings are normally conducted by small business operators or freelance craftsmen who apply basic instruments and paraphernalia. However today it refers to any small–scale industry operating away from the large metropolises, relying on the traditional means of production and is often localized or regional. This definition concentrates on the fact that the space of work is usually home and the fact that the products are made for an individual or a family rather than mass production as in an industrial process.