What is meant by footloose industry?
Raw material oriented industries
Incorrect AnswerIndustries that can relocate with ease
Correct AnswerCapital intensive industries
Incorrect AnswerMarket and manpower oriented industries
Incorrect AnswerExplanation:
2nd option is correct.
Footloose industry is a general term for an industry that can be placed and located at any location without effect from factors such as resources or transport. These industries often have spatially fixed costs, which means that the costs of the products do not change despite where the product is assembled.
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By: Abhipedia