Which among the following is / are features of the footloose industries in general?
1. A footloose industry can be located at any location without any special economic advantage or disadvantage
2. The transportation cost in footloose industries is only a small fraction of total cost
3. Footloose industries generally don’t require highly skilled workers
Select the correct option from the codes given below:
Footloose industries are those industries which nearly remain indifferent with locational aspects of plant. Their products are having very high value addition and smaller in size and so transportation cost is only a small fraction of total cost. These industries usually requires a very small production space, are usually less polluting and but requires highly skilled workers. Examples are: watch, camera, diamond cutting, precision electronics, etc. Kindly note that Material Index in footloose industries is 1.0.
This question is a part of GKToday's Integrated IAS General Studies Module