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Which of the following is organised by individuals? - Economics

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Question

Which of the following is organised by individuals?

Options

  • Cottage industries

  • Large industries

  • Steel industry

  • None of these

MCQ
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Solution

Cottage industries

Explanation:

Cottage industries are typically small-scale industries organized and operated by individuals or families, often in their homes or small workshops. These are unorganized and privately run enterprises, unlike large-scale or steel industries which are usually organized by companies or government bodies. Thus, cottage industries are organized by individuals.

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Chapter 8: Secondary Sector : Industry - QUESTIONS [Page 123]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 8 Secondary Sector : Industry
QUESTIONS | Q 5. | Page 123
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