Question
Which statement is correct regarding cottage industries?
- Cottage industry is run by family members on a full or part-time basis.
- It possesses negligible capital investment.
- The production is done by hands and no wage-earning person is employed in the cottage industry.
Answer: Option D
Answer: (d)
Cottage industry is run by family members on a full or part-time basis. It possesses negligible capital investment.
The production is done by hands and no wage-earning person is employed in the cottage industry.
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Answer: (d)
Cottage industry is run by family members on a full or part-time basis. It possesses negligible capital investment.
The production is done by hands and no wage-earning person is employed in the cottage industry.
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