Why is textile industry referred to as a footloose 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.
Diamonds, computer chips, and mobile manufacturing are some examples of footloose industries. These are generally non-polluting industries.
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