Is cotton textile industry a footloose industry?

Is cotton textile industry a footloose industry?

The main raw material of cotton textile industry is raw cotton which is a pure raw material. It means that cotton textile industries do not show any particular affinity for growing up in a certain location. Thus, the cotton textile industry is called a ‘footloose industry’.

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.

Is Iron and Steel footloose industry?

Iron and steel. B. Cotton Industry. Diamonds and computer chips are some main examples of the footloose industries.

Is a cement factory a footloose industry?

The finished products of heavy industry are usually heavy and costly to transport. 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.

What is footloose industry example?

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.

Are modern industries Footloose?

Modern industries are footloose industries. Capital is the money used to set up industry. 5. Jobs in the financial sector are an example of tertiary economic activity.

What are the characteristics of footloose industry?

The key characteristics of a footloose industry are:

• These are less dependent on specific raw material, Most of the raw materials are small and light and can be transported easily.
• It needs skilled workers as the industrial process is advanced and major work needs high-quality precision.

Is honey industry a footloose industry?

Footloose industries can also refer to the processing of products that are neither weight-gaining, nor weight-losing, and face significant transportation costs. An example of a footloose processing industry is honey.

Is Petro Chemical a footloose industry?

(B) Cotton Industry. (C) Petro – Chemical. The 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. Diamonds and computer chips are some examples of footloose industries.

What are some examples of heavy industry?

Oil, mining, shipbuilding, steel, chemicals, machinery manufacturing and similar industries are examples of heavy industry. They are very capital-intensive, meaning that they require a lot of machinery and equipment to produce.

Is Footloose an electronics industry?

The footloose industry is such type industry which doesn’t have a strong locational preference as the input resources and output markets can be found in many places. Some prominent examples of footloose industry are watch-making, diamond cutting, precision electronics etc.

Is Diamond a footloose industry?