Final answer:
Peasants involved in the Cottage Industry and the Putting-Out System lived in rural areas and relied on part-time production or cottage labor to supplement their income.
Step-by-step explanation:
The peasants involved in the Cottage Industry and the Putting-Out System lived in rural areas and were primarily engaged in agriculture. These peasants were not skilled artisans and often relied on part-time production or cottage labor to supplement their income. In the Cottage Industry, farm families were provided with raw materials and asked to produce finished goods in their cottages, while in the Putting-Out System, they would receive raw materials, produce goods, and then sell them to entrepreneurs.