What are the factors responsible for the establishment of an industry?
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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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Capital or huge investment is needed for the establishment of industries.
Government policies are another factor that influences industrial location. ...
Industrial inertia is the predisposition of industries or companies to avoid relocating facilities even in the face of changing economic circumstances that would otherwise induce them to leave.
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