explain any three human factor for the localisation of an industry in particular area
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human factors for localisation of an industry in particular place are :
availabiity of raw materials
availability of labour
availability of transport facilities
availablity of market
availabiity of raw materials
availability of labour
availability of transport facilities
availablity of market
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1
The three human factors for localization of industries are:
1. Stakeholders with capital to invest in the business,
2. Labor in large numbers,
3. People with technical expertise.
Explanation:
- The start of the industry requires the capital to be invested through the stakeholders in the business.
- There need to be enough resources for starting an industry.
- The resource of labour in large numbers is very important for running the industry.
- The industry needs people with specialization and technical expertise to run the business.
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