Question

Explain the factors affecting industrial development.

Answer 1

Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology.

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Answer 2

Answer:

in any given ares the development of industries is dependent on several factors such as the availability of raw material, water, labour, transport, capital, market, etc. as per the availability of these factors, specific industries develop. because of the unequal distribution does not take place at the same place at all places. some regions are suitable for the development of industries while in other regions, only particular industries develop.