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Footloose industries are generally ones that do not produce products that experience large weight change during production and transportation. The production of honey serves as an example of this as the weight of the raw honey and wax is the same as the finishing product.
A footloose industry is one which is not tied to any particular location or country and can relocate to another place without effect from factors of production such as resources, land, labour, and capital.
Apr 29, 2024 · Footloose industries represent a dynamic and significant sector of the modern global economy. Their ability to move with relative ease across borders and regions highlights the importance of non-tangible assets like human capital and innovation.
Footloose industry is a general term for an industry that can be placed and located in a wide variety of places without much effect from factors such as raw material. These are called footloose as these types of industries are prone to relocation.
Aug 9, 2023 · Footloose industries are those, which are not constrained to any particular location and are not affected by factors of production such as resources, land, labour, and capital. They do not have ‘weight losing’ or ‘weight gaining’ processes.
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. Industrial regions, where footloose industry is the most dominant, are often located along motorway corridors.
The basic premises of footloose industries are derived from the work of German economist Alfred Weber, who was probably the first to theorize on the location of industries in the beginning of the 20th century.
