Definitions for footloose industry

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  1. Footloose industry

    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 and computer chips are some examples of footloose industries. These industries can be located at a wide variety of places, as these are not weight-losing nor raw-material-specific. Moreover, they produce in relatively small quantities, employing smaller workforces and are considered to be more efficient from an ecological point of view. These are generally not polluting industries.

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"footloose industry." Definitions.net. STANDS4 LLC, 2014. Web. 31 Jul 2014. <http://www.definitions.net/definition/footloose industry>.

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