explain the factors affecting Industrial Development short answer
Answers
*capital - industrialisation needs a huge capital.
*labour - labour also affect development of industries.
* raw material- the availability of raw material also affect the development of industries
The factors affecting Industrial Development are as follows :–
(1) Scientific and technological advancement, quantity and quality of labour, speedy transportation facilities, ready market, availability of raw materials, government policies, political stability, etc. are factors that influence the industrial development of a nation.
(2) For example, dense, forest areas, mountain areas, desert region have extreme physiographical features. Transport facilities are found to be limited in such regions. Therefore, industrial development is found to be limited in such regions.
(3) For example, agriculture is developed on a large scale in the fertile plains and the regions of moderate rainfall. Agriculture provides raw materials to many industries. Therefore, Industrial development is found to be high in such regions.