State and explain any six features of cottage industries

small-business
cbse

#1

The features of cottage industries are as follows :

  1. Simple equipments : Simple equipments are used in the production of goods.
  2. Indigenous technology : Indigenous technology is used for producing goods.
  3. Individuals : The industries are organised by individuals having private resources.
  4. Investment: Small amount of capital is invested in the production.
  5. Simple products: Production of simple products in their own premises.
  6. Family labour: Cottage industries use family labour and locally available talent.