what are the factors to settle an industry
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- power supply.
- power supply.communications - including transport, telecommunications.
- power supply.communications - including transport, telecommunications.labour supply - including workers with the right skills.
- power supply.communications - including transport, telecommunications.labour supply - including workers with the right skills.access to market - where the goods are sold.
- power supply.communications - including transport, telecommunications.labour supply - including workers with the right skills.access to market - where the goods are sold.grants and financial incentives - usually from governments.
- power supply.communications - including transport, telecommunications.labour supply - including workers with the right skills.access to market - where the goods are sold.grants and financial incentives - usually from governments.raw materials.
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FOLLOWING ARE THE FACTORS :-
- IT SHOULD BE NEAR THE PLACES OF RAW MATERIAL LIKE - IRON,COAL ETC. AS THESE MATERIALS ARE HEAVY AND BULKY AND NEEDS MORE TRANSPORTATION AND LABOUR WHICH WILL CAUSE LOSS OF MONEY.
- THE INDUSTRIES SHOULD BE ON NEAR THE RIVERS TO GET A GOOD WATER SUPPLY.
- AND NEAR THE POWER SUPPLY ALSO
- THEY SHOULD BE ALSO NEAR THE PORTS BECAUSE OF THE IMPORT OF THE MATERIAL
- THEY SHOULD ALSO BE NEAR MALLS,SHOPS SO THAT IT CAN REACH TO CONSUMER QUICKLY.
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