explain what factors will be taken into consideration while establishing iron and steel industry?
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Answered by
8
✌✌hey buddy here is ur answer⏩⏩
The factors that need to be considered while setting up industry are as follows
1. PROXIMITY OR NEARNESS OF THE MARKET
2. Availability of Cheap labours
3.Availability of basic materials like water and raw materials with less cost
4. Affordable loans
etc are the factors that are to be considered
.❕❕HOPE IT HELPS U❗❗
The factors that need to be considered while setting up industry are as follows
1. PROXIMITY OR NEARNESS OF THE MARKET
2. Availability of Cheap labours
3.Availability of basic materials like water and raw materials with less cost
4. Affordable loans
etc are the factors that are to be considered
.❕❕HOPE IT HELPS U❗❗
Answered by
1
Answer:
Thanks for asking questions.
Next answer from Aisha side...
ANSWER--
The establishment, development and concentration of iron and steel industry requires many things. It must collect raw material and power resources to produce things. It requires finances, machinery and labour to keep it running. It requires a market to sell its produce and above all it requires transport facilities.
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