Question

Write essential factors to establishment of industries

Answer 1

The following major inputs are required for setting up an enterprise:
Land, building or shed.
Machinery and equipments.
Raw Materials.
Power and Water.
Skilled manpower.
Capital.

Answer 2

There are a number of important factors that should be kept in mind while establishing an industry.

The first and foremost factor that should be kept in mind is to make sure that there is enough amount of skilled laborers who could be employed in the industry.

There should also be proper power supply for the smooth functioning of the machines.

A sufficient infrastructure is also required along with the availability of the raw materials.