What is the best definition of the term “cottage industry”?
Cottage industry refers to a method of production wherein goods are produced
by individuals or small groups of people, typically working from their own
homes, using traditional techniques and simple tools. Cottage industries were
prevalent in pre-industrial times, particularly in rural areas, and often involved
the production of textiles, pottery, and other crafts.
The term "cottage industry" was first popularized during the Industrial
Revolution in England, when many households were involved in the
production of goods such as textiles and clothing. This type of industry was
characterized by small-scale production, with minimal use of machinery and
often relied on the skills and talents of individual craftsmen.
In a cottage industry, the workers are usually family members or neighbors,
and the production process is often a part-time activity that is carried out
alongside other domestic duties. This type of industry is particularly suited to
the production of labor-intensive goods, such as textiles, which require
significant time and labor to produce.
Cottage industries may also be used as a means of supplementing income in
rural or economically depressed areas. By producing goods for sale,
individuals can earn additional income for themselves and their families
without having to leave their homes or travel great distances to seek work.
In recent times, cottage industries have experienced a resurgence, particularly
in developing countries. The rise of e-commerce and online marketplaces has
made it easier for individuals to sell their products globally, and many are
taking advantage of this opportunity to start their cottage industries.
In summary, a cottage industry is a type of small-scale production where
goods are made by individuals or small groups using traditional techniques
and simple tools, often from their homes. It is usually a part-time activity
carried out alongside other domestic duties and is suitable for the production
of labor-intensive goods.
References:
- "Cottage industry." Encyclopædia Britannica. Encyclopædia Britannica, Inc., n.d. Web. 15
Apr. 2021.
- "Cottage industry." Oxford English Dictionary. Oxford University Press, 2021. Web. 15 Apr.
2021.
- Lee, Ming-Tong. "The Revival of Cottage Industry: An Overview." Journal of the Asia
Pacific Economy, vol. 17, no. 1, 2012, pp. 113-123.