Question:
What is the best definition of the term “cottage industry”?
What is the best definition of the term cottage industry
Posted By Admin @ September 03, 2022
Answer:
A cottage industry is a small-scale, manufacturing industry based out of a home
alternately to building factories.
Further Explanation
Cottage industries are characterized by the expense of financing as well as the number of people employed for making products. They often concentrate on the composition of labor-intensive commodities but at the same time also encounter a significant limitation in order to compete with factory-based corporations which are much cheaper than handloom products.
The initial stage of cottage enterprises were the production units in England and the United States which were implicated in subcontract mechanized of garment or textiles and scanty metal automaton parts. Cottage products have been man-made with the backing of family members constricted in manufacturing finished goods by appropriating raw materials provided by Merchants. Many
Contemporaneous enterprises that formerly function in the industrial units were once cottage industries before the initiation of the Industrial Revolution. Cottage Industries suffer the most important losses after the Industrial uprising which basically shifted labor-intensive production to machinery production. Moreover, manually produced products were much pricey than factory products.
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Answer details
Grade; Middle School
Subject; History
Topic; Cottage Industry
Keywords
Cottage, Industry, goods, factory, houses, United States, industrialization, garment, textile, material, revolution, manufacturers, family.
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