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Cottage industries and their characteristics

Answer Text:
Cottage Industries
-Industries involved in making products particularly in homes using hands and simple tools.
Characteristics
1. Locally available materials are used.
2. Capital infested is small.
3. Most of the products are sold to the local market but few are exported.
4. Skills are acquired informally.
5. Use of hands and simple and sometimes advanced tools.
6. Usually involve an art or skill possessed by a person to produce items that are in demand in the neighbourhood.
7. It’s labour intensive.
8. Very few items are made because the market for items is usually small.