Write short notes on Footloose industries. – InterviewSolution

1.	Write short notes on Footloose industries.
Answer» Footloose industry is a general term for an industry that can be placed and located at any location without effect of factors of location such as land, labour, climate and capital. The raw material used as well as finished products of these industries are very light so their location near the source of raw material or transport is not important. These industries often have spatially fixed cost, which means that costs of the product do not change despite where the product is assembled. Diamond cutting, computer chips and mobiles manufacturing are some of the examples of footloose industries. Advance technology like internet, email are used for raw material as well as marketing. These are generally non-polluted industries.

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