Consider the following statements regarding the different types of industries:
1. A smokestack industry is a traditional heavy manufacturing industry that produces large items or inputs into other industries.
2. Footloose industry is an industry that can be placed and located at any location without effect from factors of production.
3. The traditional large-scale industrial regions are thickly clustered in developing countries.
Which of the above statements is/are incorrect?1
1 and 2 only
2
1 and 3 only
3
3 only
4
1, 2 and 3
5
Question Not Attempted