Information Of Cottage Industry

In artisan production the simplest and most primitive form of industry articles are made on the order of the consumer and the product of the craftsman s labor has not yet become a commodity.

Information of cottage industry. Such a business is not worthy of a large investment because it will never produce large revenues. Small scale cottage industries also are an important source of employment especially in rural areas. A cottage industry is an industry primarily manufacturing which includes many producers working from their homes typically part time.

Key takeaways a cottage industry is a small manufacturing operation often run out of a person s home. In venture capital circles the term cottage industry is used to refer to a business model that is not scalable. This term is also used today to refer to goods or services that are produced at home.

Cottage industries is a term that was prevalent during the eighteenth and nineteenth centuries to describe the home based system of manufacturing. An industry where the creation of products and services is home based rather than factory based. Cottage industry is based on private property in the means of production and the personal labor of the worker.

Cottage industries or the small scale industries ssis are usually the terms used for small business carried on at home involving less number of people as laborers who may or may not be the members of one family and sometimes such a production or manufacturing of goods involves the traditional artisans and craftsmen who have inherited their work as an art form from their ancestors. 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 industries play a significant role in the economies of developing countries.

In the jargon of english speaking quebec s real estate industry a cottage is any two storey house as opposed to a bungalow. Most often today s cottage industries involve using advanced technology to work from home via fax internet and telephone. The cottage food industry is growing nationwide.

An example of a colonial era cottage in north america is a small fieldstone house called boelson cottage in fairmount park philadelphia one of the oldest extant houses within the city c 1678 84. Cottage production kustarnoe proizvodstvo is not the same as artisan production remeslennoe proizvodstvo. This does not invalidate the business model as it may be a worthy business for an individual that employs a few people.