cottage industry
Quick Summary
A cottage industry is an economic system where individuals or families produce goods at home, often using their own equipment. This can range from small, informal businesses to a nation's primary industrial activity during a specific economic period.
Traditional cottage industries and handicrafts remain significant in many Asian economies, providing crucial employment and income for both rural and urban populations. While there's potential for growth in the global market for these products, ethical concerns, such as the use of child labor in some sectors like South Asian carpet making, have been raised.123
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