Question

Factor for the istablishment for an industry

Answer 1

Answer:

The following major inputs are required for setting up an enterprise:

Land, building or shed.

Machinery and equipments.

Raw Materials.

Power and Water.

Skilled manpower.

Capital.

Answer 2

Raw Materials, Labors, and Transport are the factors for the establishment of an industry.

Why these factors are responsible for the industry

Raw Materials:

• It is the basic need for the establishment of the industry and growth of the industry
• It is important that industry is situated near the sources of the raw materials so that it saves time and transportation costs

Labors:

• The maximum number of laborers are required so that the products have been transported timely
• Skilled labors are required for the growth and production

Transport:

• The transport of any product depends upon transport facilities
• We must choose quick means of transport