Select the industry in which goods are produced in the home of the producer.

The Correct answer is Cottage industry.

Key Points

• Cottage industry refers to a type of small-scale industry where the production of goods takes place in the homes of the producers.
• These industries typically rely on family labor and use simple tools and traditional methods of production.
• The goods produced in a cottage industry are often handmade and include items like textiles, handicrafts, pottery, and artisan products.
• Cottage industries play a significant role in the local economy by providing employment and promoting cultural heritage.
• They are prevalent in rural areas and are an important source of livelihood for many families.
• Examples of cottage industries include weaving, embroidery, carpet making, and toy manufacturing.

 Additional Information

• Secondary industry
  • Secondary industry involves the manufacturing and processing of raw materials into finished goods.
  • This sector includes factories and industrial plants where products are mass-produced.
  • Examples include automobile manufacturing, steel production, and textile mills.
• Large-scale industry
  • Large-scale industry refers to industries that operate on a large scale and require significant capital investment.
  • They employ a large workforce and utilize advanced technology and machinery.
  • Examples include petrochemicals, shipbuilding, and aerospace industries.
• Quaternary industry
  • Quaternary industry is part of the economy that involves knowledge-based activities.
  • This sector includes research and development, information technology, and consulting services.
  • It focuses on innovation and the creation of information.