Question

Which of the following is/are the industries that are operated in houses with the help of family members?

• A. Cottage industry
• B. Large scale industry
• C. Both A and B
• D. Steel industry

Answer 1

The correct option is A Cottage industry

Cottage industries is the industries that are operated in houses with the help of family members.

By definition, a cottage industry refers to a system of production where goods and services are produced at home in small amounts as opposed to large-scale production in a factory. Most of the industries in the cottage industry focus on manufacturing unique goods and services that require many producers who mostly work part-time. In addition, this industry does not require a lot of capital to start, which equates to a moderate amount of income that the business generates. Unfortunately, since they are small-scale producers, they do not enjoy the backing of the government as much as large-scale producers who make major contributions to the economy.