Which Is Example Of Footloose Industry?

by | Last updated on January 24, 2024

, , , ,

Diamonds, computer chips, and mobile manufacturing are some examples of footloose industries. These are generally non-polluting industries. Non-footloose industries generally require raw material availability within a time limit to make products.

What are footloose companies?

The footloose companies are those that have relatively few constraints when making location decisions. In this paper they are classified into four categories: company headquarters, high technology, research and development, and services .

What is a footloose industry in geography?

Footloose industries are those that are less dependent on factors that tie them to a specific geographical location. Unlike manufacturing industries , tertiary or services, companies do not have to be near a source of raw materials.

Is cotton a footloose industry?

(b) Sugar, cotton textiles and vegetable oils are footloose industries . (c) The development of hydro-electricity and petroleum reduced, to a great extent, the importance of coal energy as a locational factor for industry.

Is clothing a footloose industry?

The clothing industry, for example, is such a footloose industry that has developed a truly global pattern. If companies have the option to outsource much of their production, labor relations are also altered, circumscribing the bargaining position of labor in the United States and other developed nations.

What is the best example of a footloose industry?

Diamonds, computer chips, and mobile manufacturing are some examples of footloose industries. These are generally non-polluting industries. Non-footloose industries generally require raw material availability within a time limit to make products.

What raw materials lose weight?

Raw materials that lose their weight in the process of manufacture are known as weight loss raw materials, e.g., sugar industry, iron and steel industry, aluminium industry .

What is ubiquitous industry?

Ubiquitous industries are industries that are inseparable from the . immediate markets that they serve and are widely distributed/found everywhere.

Which sector is the most footloose?

Industrial regions , where footloose industry is the most dominant, are often located along motorway corridors.

Is steel a footloose industry?

Cement manufacturing and steel production are examples of heavy industry . A footloose industry is an industry that can locate in a wide variety of places.

Which industry is known as footloose industry Why?

Footloose industry is a general term for an industry that can be placed and located at any location without effect from factors of production such as resources, land, labour, and capital. Diamonds, computer chips, and mobile manufacturing are some examples of footloose industries.

Why cotton industry is known as footloose industry?

The cotton industry concerns principally twirling and knitting . Uniquely in the cotton industry Ginning, the thread whirling, and weaving was controlled and maintained by diverse states and masters. Henceforth it is called the footloose industry.

Are footloose industries Labour intensive?

Location: Footloose industries can be established at any place . These industries are affected by component parts and they are available at all places. Less labour force: These industries produce their products in small numbers and they do not require a large labour force.

Which factor does not affect footloose industries?

Complete answer: Footloose industry is a general term for an industry that can be placed and located at any location. They are not affected from factors like resources or transportation .

Is cotton a weight losing industry?

Cotton is a “pure” raw material which does not lose weight in the manufacturing process . so other factors, like, power to drive the looms, labour, capital or market may determine the location of the industry.

What is the sunrise industry?

Sunrise industry is a colloquial term for a burgeoning sector or business in its infancy stage showing promise of a rapid boom . Sunrise industries are typically characterized by high growth rates, numerous start-ups, and an abundance of venture capital funding.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.