What do you mean by foot loose industry
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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.
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Answer:Footloose industry is a General term for an industry that can be placed and located at any location without effects from factories such as resources are transport. These industry of fun have a spatilly fixed costs,which means that the cost of the products do not change despite where the production is assembled.
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