Write a short note on the following in about 30 words.Footloose industries
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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 of production such as resources, land, labour, and capital.
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.
Non-footloose industries generally require raw material availability within a time limit to make products. Sugar industry, jute industry and tea industry are the examples of non-footloose industries.
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