explain the major factors which are responsible for the localisation on any industry
Answers
Answer:
These are influenced by the availability of many factors. Some of them are: raw material, land, water, labor, capital, power, transport, and market. For ease of convenience, we can classify the location factors into two: geographical factors and non-geographical factors.
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Answer:
Industrial locations are complex in nature. These are influenced by the availability of many factors. Some of them are: raw material, land, water, labor, capital, power, transport, and market.
Geographical Factors
Raw material: Availability of natural resource that can be used as raw material.
Technology: To turn the resource into an asset with value.
Power: To utilize the technology.
Labour: Human resource in the area who can function as labor to run the processes.
Transport : Road/rail connectivity.
Storage and warehousing.
Marketing feasibility.
Characteristics of land and soil.
Climate.
Precipitation and water resources.
Vulnerability to natural resources.
Non-geographical Factors
Capital investment.
Availability of loans.
Investment climate.
Government policies/regulations.
Influence of pressure groups
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