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'It can be placed and located at any place' - this line is appropriate for which of the following industries?
  • a)
    Basic industry
  • b)
    Footloose industries
  • c)
    Iron and steel industry
  • d)
    Small scale industries
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
It can be placed and located at any place - this line is appropriate f...
Explanation:

The line "It can be placed and located at any place" implies that the industry being discussed is not bound by any specific geographical location and can be established anywhere. Based on this information, we can determine that the appropriate industry for this statement is the footloose industry.

Definition of Footloose Industry:
A footloose industry refers to industries that are not constrained by locational factors and can be sited and located at any place. These industries do not require specific raw materials or access to specific markets, and their products can be easily transported over long distances. Footloose industries are typically not tied to a specific location and can be set up in various places based on factors such as labor availability, cost of production, and government policies.

Reasoning:
- The basic industry, iron and steel industry, and small-scale industries are not appropriate options because they are typically associated with specific raw materials, infrastructure requirements, and locational factors. These industries often require access to specific resources or markets and are not easily movable.
- On the other hand, footloose industries are not constrained by these factors and can be set up anywhere. They are often characterized by industries such as software development, call centers, research and development centers, and certain manufacturing industries that have easily transportable products.

Conclusion:
Based on the given line, the appropriate industry is the footloose industry because it can be placed and located at any place without being bound by specific locational factors or requirements.
Free Test
Community Answer
It can be placed and located at any place - this line is appropriate f...
The industry refers to economic activity that is concerned with the production of goods, extraction of minerals, or the provision of services. Industries can be classified on the basis of raw materials, size, and ownership.
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It can be placed and located at any place - this line is appropriate for which of the following industries?a)Basic industryb)Footloose industriesc)Iron and steel industryd)Small scale industriesCorrect answer is option 'B'. Can you explain this answer?
Question Description
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