Question

what is favorable factors establish factories

Answer 1

Factors Influencing the Location of Industries : Geographical and Non-Geographical Factors!

Many important geographical factors involved in the location of individual industries are of relative significance, e.g., availability of raw materials, power resources, water, labour, markets and the transport facilities.

But besides such purely geographical factors influencing industrial location, there are factors of historical, human, political and economic nature which are now tending to surpass the force of geographical advantages. Consequently, the factors influencing the location of industry can be divided into two broad categories i.e.

(I) Geographical factors, and

(II) Non-geographical factors.

I. Geographical Factors:

Following are the important geographical factors influencing the location of industries.

1. Raw Materials:

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The significance of raw materials in manufacturing industry is so fundamental that it needs no emphasising. Indeed, the location of industrial enterprises is sometimes determined simply by location of the raw materials. Modem industry is so complex that a wide range of raw materials is necessary for its growth.

2. Power:

Regular supply of power is a pre-requisite for the localisation of industries. Coal, mineral oil and hydro-electricity are the three important conventional sources of power. Most of the industries tend to concentrate at the source of power.

3. Labour:

No one can deny that the prior existence of a labour force is attractive to industry unless there are strong reasons to the contrary. Labour supply is important in two respects (a) workers in large numbers are often required; (b) people with skill or technical expertise are needed. Estall and Buchanan showed in 1961 that labour costs can vary between 62 per cent in clothing and related industries to 29 per cent in the chemical industry; in the fabricated metal products industries they work out at 43 per cent.

4. Transport:

Transport by land or water is necessary for the assembly of raw materials and for the marketing of the finished products.

II. Non-Geographical Factors'
1. Capital:

Modem industries are capital-intensive and require huge investments. Capitalists are available in urban centres. Big cities like Mumbai, Kolkata, Delhi, and Chennai are big industrial centres, because the big capitalists live in these cities.

2. Government Policies:

Government activity in planning the future distribution of industries, for reducing regional disparities, elimination of pollution of air and water and for avoiding their heavy clustering in big cities, has become no less an important locational factor.

Answer 2

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What is favorable factors establish factories

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The Favourable factors establish Factories are :-

❥Demand for your product

❥Setup costs

❥Competition from other manufacturers

❥Previous experience, knowledge and qualifications

❥Finance available and finance options

❥Business location

❥Rules and regulations