HOME INDUSTRIES

Home industry, cottage industry, home craft a

gainful employment carried on in the home.
home industry classified as cottage industry e.g. mat
weaving, pottery making, food preservation, etc.
a cottage industry is a small manufacturing business
that is owned and operated by an individual or a family,
typically operating out of a home rather than a purpose-
built facility.
 A cottage industry is a small manufacturing
business that is owned and operated by an individual or
a family, typically operating out of a home rather than a
purpose-built facility.
top 5 cottage industry
1. leather manufacturing,
2. silk weaving,
3. cotton weaving,
4. small-scale food processing like pickles,
5. meticulously done metal handicrafts
The most common product produced in cottage
industries
Yarn and fabrics were the common goods produced by
the early cottage industry.

A product which is no longer a cottage industry

Automobiles is not the product of cottage industries.
What is the difference between small
industries and cottage industries?
Cottage industries fulfill local needs, have
low investments, produce traditional products
with family labor and traditional tools.
Small-scale industries produce goods for a
wider section of the society with comparatively
higher amount of investment, hired workers, and
machine run by power
 
What are the benefits of cottage industries?
 
The cottage industry is crucial because it
provides a way for people to make a living in
their own place. It allows people to be creative
and employ inherited skills t earn a living.
It reduces unemployment, contributes to
economic development, and creates a diverse
production economy
 
What are three characteristics of cottage industry?
They normally use family labor and locally available talent; -
The equipment used is simple; capital investment is small; - They
produce simple products, normally in their own premises; -
Production of goods happens using indigenous technology.
Cottage industries are the home-based units of production which
rely on human- or animal-propelled skills and technology. They
are characterized by
1. Accessibility to raw materials,
2. Low costs of operation, and
3. Proximity to markets
What is one advantage and one disadvantage
to the cottage industry?
The cottagers could now work in smaller
communities with the support of friends and
families. The disadvantages of the cottage
industry was that cottagers would work very
hard for very little pay, and they worked alone if
their family wasn't at home with them.