What is the best definition of the term cottage industry?

Cottage industry refers to a small-scale, decentralized system of production in which goods are typically handmade by individuals in their homes or small workshops. This type of industry often involves family members or a small group of individuals working together to produce goods, often using traditional methods and tools. Cottage industries can be found in various sectors such as textiles, crafts, and food production.

The term "cottage industry" is often used to describe small businesses that operate on a local or regional level, serving a niche market with unique and often handcrafted products. Cottage industries can offer opportunities for individuals to work from home, contribute to the local economy, and preserve traditional crafts and skills.

Overall, the best definition of the term cottage industry is a small-scale, decentralized system of production that typically involves handmade goods produced by individuals or a small group working in their homes or small workshops.