Social Sciences, asked by MannaA1, 1 year ago

What are the main factors influencing location of industries

Answers

Answered by Nandinikaushik
4
The avalaiblity of labour(cheap and affordable)
Industries must be near market.
Source of raw material
the avalaibility of light and electriciy
Answered by Einsteindaddy
6
The main factors influencing location of Industries are :

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 ofwater 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

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