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| Term of the Day | ||||
| cottage industry An industry where the creation of products and services is home-based, rather than factory-based. While products and services created by cottage industry are often unique and distinctive given the fact that they are usually not mass-produced, producers in this sector often face numerous disadvantages when trying to compete with much larger factory-based companies. | ||||
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| Usage Example You may find that you are in a cottage industry and will need to find new ways to work around the problems. | ||||
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