7. Explain what factors will be taken into consideration while establishing iron and steel industry
Answers
Certain factors should be kept in mind while establishing an iron or steel industry:
Explanation:
1- the most important is the availability of the labor.
2- The availability of the resources and how much time does it take to tranfer them on the site
3- cheap power supply and closeness to the nearest markets to save time and money
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ANSWER.-- Factors essential in deciding the location of Iron & Steel industry are:
. Availability of cheap labour.
. Availability of services such as consultants and financial advice.
. Resources for maintaining labour.
. Efficient water supply.
. Cheap power supply.
. Closeness to the market.
. Availability of Cheap labour.
. Policies of Government.
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