Question

explain in detail with examples the factors affecting the location of an industry?( for 5 marks)​

Answer 1

Answer:

Industrial locations are influenced by the availability of raw material, labour, capital, power and market, etc. Hence, manufacturing activity tends to locate at the most appropriate place where all the factors of industrial location are either available or can be arranged at a lower cost.

Answer 2

Answer:

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.