ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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lower wages
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increased population
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more government regulations
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more land available for development
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greater accessibility to numerous highways
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Detailed explanation-1: -Detailed Solution. The correct answer is Computer Chip. Diamonds, computer chips, and mobile manufacturing are some examples of footloose industries. These are generally non-polluting industries.
Detailed explanation-2: -Deindustrialization is not a negative phenomenon, but a natural consequence of further growth in advanced economies. The main reason for deindustrialization is the faster growth of productivity in manufacturing than in services.
Detailed explanation-3: -Definition of industrialization. The process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services. Individual manual labor is often replaced by mechanized mass production and craftsmen are replaced by assembly lines.