The stage at which an industry prefers to run in its former location despite the disappearance of initial advantages is known as?

• Industrial inertia: A stage at which an industry prefers to run in its former location although the main alluring factors are gone. For example, the raw material source is depleted or an energy crisis has emerged. An industry may still like to stay in its former position because of its fixed cost such as land, machinery, building, infrastructure, etc. Hence option (c) is correct.
• Industrial fatigue: Mental or physical exhaustion resulting from performing required work-related activities that lead to a diminished capacity for performing the work. Generally attributed to poor working conditions or demanding job requirements.
• Industrial agglomeration refers to the clustering of a large number of firms in a related area. Some of the advantages are:
  • Infrastructure is better developed
  • Skilled labor of that particular industry is attracted to the area
  • It encourages more investment in that area etc. These factors can cut production costs and increase productivity.
• Industrial melanism: Prevalence of dark-colored varieties of animals (especially moths) in industrial areas where they are better camouflaged than paler forms. It is a process of natural selection

By: Abhishek Sharma