What are the factors related to the establishment of industry
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Industriallocations 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.
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Following are some of the factors necessary to consider before establishing an industry
Explanation:
- Availability of the labor.
- The availability of the resources and how much time does it take to transfer them on the site
- Cheap power supply and closeness to the nearest markets to save time and money
- Access to Raw material
- Availability of machinery and other equipment
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