DMPQ: . Explain the following terms: a) Sunrise Industry b) Foot loose Industry

Sunrise Industry: Sunrise industry is a colloquial term for a burgeoning sector or business that is just in its infancy but shows promise of a rapid boom. A sunrise industry is typically characterized by high growth rates, numerous start-ups and an abundance of venture capital funding. Sunrise industries generally have plenty of “buzz” surrounding them as public awareness about the sector increases and investors get attracted to its long-term growth prospects.

 

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. Industrial regions, where footloose industry is the most dominant, are often located along motorway corridors.

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