Question

How does the cottage industry work in rural and urban areas?

Answer 1

Hint: A industry may be a small-scale, decentralized manufacturer often operated out of a home instead of a purpose-built facility. Cottage industries are defined by the quantity of investment required to start out, also because of the number of individuals employed.

Complete answer:
Cottage industries not only increase the income of the family but also reduce unemployment and thus raise the quality of living of the members of the family. An example of an industry is Carpentry, smithy, carpet, weaving, pottery.

Small-scale cottage industries are also a crucial source of employment, especially in rural areas. The terms originally mentioned home workers who were engaged during a task like sewing, lace-making, wall hangings, electronics, or household manufacturing.

They usually use family labor; since they're rural based, laborious people who work under the cottage industries are acquired from rural families. they're less skilled. Capital used is small; these industries don't require much capital because they're usually small firms managed by individuals with private resources.

Cottage and small-scale industries are labor-intensive and supply employment to 80% of the economic labor pool . This reduces unemployment and offers opportunities for self-employment.

Note: A serious advantage of cottage industries is that they permit people to figure from their homes. Women have benefited the foremost because they will work from home while still tending to their families. Many cottage businesses include the whole family in their operations, however, including husbands and youngsters.