Such a resource-oriented location is often combined with good access to important transportation routes. Manufacturing: converting raw materials into finished products, such as textiles, automobiles, and electronics. Get instant definitions for any word that hits you anywhere on the web! Jewelry-making is a footloose industry because its valuable, lightweight materials can be processed and assembled anywhere. 4. export processing zone: industries industry . Not all free-response questions on this page reflect the current exam, but the question types and the topics are . Situation Factors. Create your own unique website with customizable templates. Knowing that fact eliminates answers (A) and (B). Footloose industry industry in which the cost of transporting both raw materials and finished product is not important for the location of firms (e.g., diamonds, computer chips, or E-commerce (web-based economic activities)). Illustrate with examples. Single-market manufacturers are only sold in one market, and are, therefore, usually sold as close to the market as possible. The Rust Belt in the United States: The Rust Belt is a region in the U.S. that stretches from New York to Illinois and includes states such as Ohio, Pennsylvania, and Michigan. An Issue in Semantics,' by Ralph C. Allen and Jack H. Stone. The Internet and other forms of advanced communication technology are said to make location completely detached from both resource and market considerations. . The diffusion of industrialization generally increased trade and interdependence, which improved the standard of living for most people. Footloose Industries - An industry which's location is not influenced strongly by access to much materials or markets; can operate a large range of locations. xref
It can drive innovation and competitiveness in the economy, and is an important contributor to economic growth and development.
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Large factories were needed to produce all the parts of a manufactured good.
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It includes all of the steps, from the extraction of raw materials to the final sale of the finished product to the consumer. Healthcare: providing medical services and treatments to individuals. The weight of the raw honey and wax is the same as the finishing product. 0000007804 00000 n
Footloose industries can also refer to the processing of products that are neither weight-gaining, nor weight-losing, and face significant transportation costs. The semi-periphery occupies a middle ground between the core and the periphery, and often has a mix of characteristics from both. Examples of countries or regions that have experienced deindustrialization include: Deindustrialization is a complex process that can have significant impacts on communities and economies, and can be difficult to address. <<291f632947ad3443b6e844c06ca19368>]>>
The hightech industry is sometimes considered a typical footloose industry because it is neither resource- or market-oriented. It is important to note that the concept of the periphery is a relative one, and the classification of a country as part of the periphery can vary depending on the specific criteria being used. Once a ship arrives in a port, its cargo may be put onto trains that move the cargo to distribution centers all over the county.
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https://www.definitions.net/definition/Footloose industry. Which of the following is the BEST example of a footloose industry? Q. The industries are also located close to traditional university towns where the necessary skilled workers are likely to reside.
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