Question

18.
Arrange the following in the correct sequence with the ideal location of an industry:
i. Capital
ii. Market
iii. Labour
iv. Raw Material
a) iv, iii, i, ii
b) ii, i, iii, iv
c) iii, ii, iv, i
d) i, ii, iii, iv​

Answer 1

$\huge\bold{꧁}$ $\huge\underline\pink{ MoonstonE }$

⭐ a) iv , iii , i , ii $\huge\bold\green{☑}$

1. Raw Material
2. Labour
3. Capital
4. Market

Answer 2

Answer:

a) iv, iii, i, ii

Explanation:

• Raw material : It is often referred to as a feedstock, unprocessed material, or primary commodity, is a foundational component used to create energy, goods, finished goods, or intermediate materials that serve as feedstock for finished goods to come.

• Labour : An active component of manufacturing is labour. It is the element that initiates production. They are passive components because Land and Capital by themselves cannot begin manufacturing. In order to be productive themselves, they require labor, the active ingredient of production.
• Capital :To work at the plants, people must be hired, and their wages must be paid. Capital is the broad term for the funds needed to operate such a business.
• Market :The group of all individuals and organizations who purchase commodities and services used in the creation of other goods or services that are sold, rented, or provided to others is known as the industrial market, also known as the producer market or business market.

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