Handicraft, n.
Etymology: [For handcraft, influenced by handiwork; AS. handcræft.]
1. A trade requiring skill of hand; manual occupation; handcraft. Addison.
2. A man who earns his living by handicraft; a handicraftsman. [R.] Dryden.
Shades of meaning
Fernald has no entry of its own for handicraft; he lists it under business.
He lists it without comment; the entries above explain its neighbors.