Business Studies, asked by mominsaleha82, 2 days ago

which factors determining the location of an industry​

Answers

Answered by vedangsatelkar7
0

Answer:

The factors affecting the location of industries are the availability of raw material, land, water, labour, power, capital, transport and market. Industries are situated where some or all of these factors are easily available.

Answered by sarahssynergy
0

A number of factors are important in determining the location of an industry.

Explanation:

  1. The factors responsible for determining the location of an industry are as follows:
  2. Availability of labour to ensure that enough workforce is available for employment.
  3. Availability of resources nearby it to cut transportation costs and ensure continuity of operations.
  4. Tax structure of the area is also important because if the region has a complex tax structure, it can reduce the profits of the firm.
  5. The government policies and support is also crucial in deciding the location of an industry.
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