Is clothing a footloose industry?
The global garment industry has often been described as a footloose industry, relocating relatively easily from country to country and even between continents.
What are footloose industries Class 12?
Footloose industries can be located in a wide variety of places. They are not dependent on any specific raw material, weight losing or otherwise. They largely depend on component parts which can be obtained anywhere. They produce in small quantity and also employ a small labour force.
Is sugar a footloose industry?
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. Sugar industry, jute industry and tea industry are the examples of non-footloose industries.
What is the difference between sunrise and sunset industries?
A sunrise industry is a new, emerging industry often using new, innovative technology. Whereas, a sunset industry is an industry that is declining, one that has passed its peak/boom periods, and may result in structural unemployment if due to changes in technology or automation.
In which sector has highest job opportunities?
The highest-paying jobs in India are basically in Information Technology, Healthcare, Data Industry, BFSI, and Marketing. The average salary range of most of the top jobs in these sectors ranges between Rs. 7 – 15 LPA, with the highest salaries going as high as Rs. 20 – 40 LPA.
Is hospitality a sunrise industry?
At present, the hospitality industry in India is considered a ‘sunrise industry’ which means it has a huge scope in the near future. It is considered as one of the most profitable industries which also accounts for over 8.78 per cent of the total workforce, creating almost 15 million jobs in the past five years.
Which industry is known as sunrise industry Class 8?
A new and growing industry especially in electronics and telecommunications is known as the sunrise industry. IT industry is called a sunrise industry as it has grown at a fast pace in last ten years.
Why petrochemical industry is called sunrise industry?
Petrochemical industries or sunrise industries are the industries that is new but growing fast and is expected to become important in the future. That is why it is called so.
What are sunrise industries give examples Class 8?
Emerging industries are also known as ‘Sunrise Industries’. These include Information technology, Wellness, Hospitality and Knowledge.
What do you mean by basic needs class 8?
Define Basic Needs. Answer: The primary requirement of food, water, shelter, sanitation, healthcare and education necessary for survival are Basic Needs.
What is industry very short answer?
Industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry.
What is Industriy?
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. Workers in the textile industry design, fabricate, and sell cloth. The tourist industry includes all the commercial aspects of tourism.