Question

Explain the factors affecting Industrial Location.

Answer 1

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.

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Answer 2

Many important geographical factors involved in the location of individual industries are of relative significance, e.g., availability of raw materials, power resources, water, labour, markets and the transport facilities.