Indicate which three statements below are correct by ticking (✓) the correct box - Junior Cycle Geography - Question Question 1 - 2011
Question Question 1
Indicate which three statements below are correct by ticking (✓) the correct box.
1. Modern industries still need to locate near raw materials.
2. Modern industries... show full transcript
Worked Solution & Example Answer:Indicate which three statements below are correct by ticking (✓) the correct box - Junior Cycle Geography - Question Question 1 - 2011
Step 1
2. Modern industries are footloose industries.
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Answer
This statement is incorrect. Footloose industries can locate anywhere as they are not tied to raw materials.
Step 2
4. Capital is the money used to set up industry.
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Answer
This statement is correct. Capital refers to financial resources used for setting up and running a business.
Step 3
5. Jobs in the financial sector are an example of tertiary economic activity.
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Answer
This statement is correct. The financial sector, which includes banks and insurance, falls under tertiary economic activities as it provides services rather than goods.
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