Write any three factors that led to the localisation of cotton textile industries in maharashtra and gujarat
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The price-quantity pair where the quantity demanded is equal to the quantity supplied. It is represented by the intersection of the demand and supply curves.[3] The analysis of various equilibria is a fundamental aspect of microeconomics:
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1. In the early years, the cotton textile industry was concentrated in the cotton
growing belt of Maharashtra and Gujarat.
2. Availability of raw cotton, market, transport including accessible port facilities, labour, moist climate,
etc. contributed towards its localisation.
Explanation:
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