Question

Home industry

Hint:

For exams, associate "Home Industry" with keywords like "rural employment," "low capital," "traditional skills," and "women empowerment." These are the key socio-economic impacts often tested.

Answer 1

A home industry, also known as a cottage industry, is a small-scale, decentralized manufacturing business that is often operated out of a person's home rather than a purpose-built facility.
Characteristics: These industries typically use traditional techniques, rely on local raw materials, and require minimal capital investment. The workforce usually consists of family members.

Examples: Common examples include handicrafts, handloom weaving, pottery, food processing (making pickles, jams), and assembling small electronic components.

Importance: Home industries play a crucial role in the economy, especially in rural areas. They provide self-employment opportunities, supplement family income, empower women, and help preserve traditional arts and crafts.