Question

What are the 7 factors affecting the industries location

Answer 1

Answer:

The 7 Location Factors

Raw Materials

1) Materials that are important to the business must be located near the source

2) Wherever ore is, the copper mining plant must be nearby.

3) Eg: A potato processing plant must be close to a potato farm (P.E.I)

Markets

1) A company that is close to the consumer population.

- REduces Costs

-Ensures rapid delivery

2) A Company will not locate near it's markets in two cases

- When the market spans over a large area

- Laction is more important

Availability Of Fresh Water And Power

- Large factories need a good source of water for the manufacturing process

- Steel factories need large amounts of water for the cooling process

- Aluminum needs large amounts of electricity to be fabricated, and therefore must be near a good source

Labour Supply

1) Highly skilled workers are important (near universities and colleges)

2) Availability and cost are important

3) Low cost labour

4) Developing nations have taken away cheap labour

Transportation

1) An efficient transportation service is vital to get the product to the consumer (eg. Rail, Water, Road)

2) Ships are cheaper and more efficient for bulk industries.

Governement

1) Direct - Government encourages investment by offering advantages

-Low taxes, cheap land

2) Indirect - improving infrastructure that will attract businesses

- eg. a new fast highway for a business to be located

Circumstances

1) Less easy to measure than the other factors.

2) Depends on the entrepreneur or whoever puts the idea into practice

Explanation:

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Answer 2

Answer:

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What are the 7 factors affecting the location of industries.

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The 7 factors affecting the location of industries are as follows:-

• Raw materials
• Water
• Land
• Labour
• Capital
• Market
• Transport

More to know:-

• Subsidised power, and lower transport cost provided by the government also helps in the location of industries.

• Favorable climate for the production of raw materials is also important.

Hope you find my answer helpful...

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