explain factors affecting the location of an industry
Answers
Answer:
Geographical reasons.
1)Raw materials are one of the important factors in an industrial location. The mere
location of industries itself may be determined by the availability or location of the raw materials.
2)Availability of labor or skilled workforce is the success mantra for the growth of all
industries.
3)Availability of easy transportation always influences the location of the industry. So
the junction points of waterways, roadways and railways become humming centers of
industrial activity.
4)Availability of water is another factor that influences the industrial location. Many
industries are established near rivers, canals, and lakes, because of this reason. Iron and
steel industry, textile industries and chemical industries require large quantities of
water, for their proper functioning.
5)The climate of the area selected for the industry is important, very harsh climate are not suitable for the successful industrial growth.
Non geographical reasons
6)Efficient and enterprising organization and management are essential for running
modem industry successfully.
7) The location that has better banking facilities and Insurance are best suited for the establishment of industries.
Explanation:
These are the few most important factors affecting the location of an industry
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Explanation:
Industrial locations are complex in nature. These are influenced by the availability of many factors. Some of them are: raw material, land, water, labor, capital, power, transport, and market. For ease of convenience, we can classify the location factors into two: geographical factors and non-geographical factors.