explain any five factor effecting location of a industry
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Explanation:
Five factors that affect the location of an industry:
1. Raw material: Availability of raw material is very important for the location as it is one of the basic inputs required.
2. Labour: Industries depend a lot on cheap labour so it prefers a location which is highly populated.
3. Capital: Cost and quality of the capital are essential as it is one of the biggest investments of an industry.
4. Power: The equipments and machinery depend completely on a constant supply of power.
5. Market: A nearby market place makes it much easier to sell goods produced and reduces transportation cost.
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Answer:
RAW MATERIAL
LABOUR
CAPITAL
MARKET
INVESTMENT.
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