An industry where the creation of products and services is home-based, rather than factory-based. While products and services created by cottage industry are often unique and distinctive given the fact that they are usually not mass-produced, producers in this sector often face numerous disadvantages when trying to compete with much larger factory-based companies.Cottage Industry is often characterized by its enormous potential for employment generation and the person getting employed is basically regarded as a self-employed one.It has been empirically found out that Cottage Industry has given economic independence to the women in the developing as well as developed countries.
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