Question 2 of 18beginner🧠 RememberVery Short1 mark
What is a cottage industry?
Correct Answer
Cottage industries are also known as rural industries or traditional industries. They are not defined by capital investment criteria as in the case of other small scale industries.
Exercise: EXERCISES - Very Short Answer Questions | Q: 3 | (Page 16)
For More Understanding
Explanation
The answer is directly derived from the section titled 'Cottage Industries' in the provided text. It highlights two main attributes: their alternate names (rural or traditional industries) and the distinction regarding capital investment criteria.