Question

Explain the factor affecting industrial development
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Answer 1

Answer:

Industrial development is essential for economic development.  

The factor  which influence the industrial development are government policies, labour and row material.

Explanation:

There are some factors that influence industrial development, they are

• Government policies: Government policies have a significant impact on industrial development. Setting up a new industry will be tough if the country's economic policies are restrictive. The development of industries will be simpler if economic policies are more flexible. Because of its economic policies, China's industrial development is far faster than India's.
• Labour:  Another important aspect for the sectors is the availability of low-cost labour. The cost of production will be reduced if labour is inexpensive. Low manufacturing costs combined with larger profits will result in increased profit, resulting in industrial development.
• Raw materials: The manufacturing process necessitates the use of raw materials. The industries primarily located in such a way that raw resources are easily accessible or that adequate transportation facilities are available to convey the raw materials.