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Question
Which of the following comes under the category of 'footloose industry'?
Which of the following comes under the category of 'footloose industry'?
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Solution
The correct option is B Information technology
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. Diamonds and computer chips are some examples of footloose industries.
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. Diamonds and computer chips are some examples of footloose industries.
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