cottage industry
A cottage industry refers to a small-scale, decentralized manufacturing or production system, often run from home-based settings. In this context, individuals or families produce goods, such as crafts, textiles, or food items, using local resources and traditional methods. These industries typically rely on manual labor and may involve limited technology. Cottage industries are significant for economic development, as they provide jobs, contribute to local economies, and promote entrepreneurship. They are often seen as a way to preserve cultural heritage and traditional skills while meeting niche market demands.
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A cottage industry refers to small-scale businesses that operate from home or in small workshops, typically producing handmade or artisanal goods. This type of industry allows individuals or families to generate income by creating products, like crafts or textiles, using traditional methods. Cottage industries often rely on local resources and can be a source of employment and cultural preservation in communities. They're characterized by low capital investment and flexibility, allowing people to start businesses with minimal equipment and overhead costs, making them integral to local economies and entrepreneurial endeavors.