What is a Cottage Industry_

The video explains the concept of a cottage industry, which is a small manufacturing business often run by family members from home. It contrasts cottage industries with service and retail businesses, providing examples like candle making. The term 'cottage' symbolizes family involvement and home-based operations. Although modern usage may not strictly adhere to these characteristics, the term still primarily refers to manufacturing businesses.

What is a cottage industry and how does it differ from a service-based business?

Can you provide examples of products that might be made in a cottage industry?

What are the characteristics of ownership and operation in a cottage industry?

Why is the term 'cottage' used in the context of cottage industries?

How has the definition of cottage industry evolved in relation to modern businesses?