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Consider the following statement about the footloose industry.
1. The industry that can be placed at any location without being affected by factors like resources or transport.
2. These industries often have spatially fixed costs.
3. They generally depend on raw materials that are light and can be easily transported from another place.
4. These industries include computer chips, retail, entertainment etc.
How many of the above statements are correct?
Only One
Only Two
Only Three
All Four
Three of the statements are correct:
The industry that can be placed at any location without being affected by factors like resources or transport. (Correct)
These industries often have spatially fixed costs. (Correct)
They generally depend on raw materials that are light and can be easily transported from another place. (Correct)
These industries include computer chips, retail, entertainment, etc. (Not necessarily, footloose industries can cover a wide range of sectors and may not always include computer chips, retail, or entertainment.)
By: Abhipedia ProfileResourcesReport error
UTKARSH
4th statement should also be correct
rectify
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