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What makes a location favourable for setting up to industry |
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Answer» Locational factors for setting up industries are:-1) Low cost of production.2) Availability of raw material.3) Proper power supply.4) Cheap and skilled labour.5) Nearness to market.6) Proper transportation and trade facilities.7) Government policies. The favourable conditions for setting up to an Industry are;1. Availability of Raw material at a very cheap cost.2. Cheap Labour.3. Have a good facility for providing a market.4. Have a very good facility of Transportation. The Following makes a location favourable for setting up an Industry:*Availability of Raw materials at a lower cost.*Low Transportation and Distribution price.*Cheap Labour.*Services Availability like Banking,insurance,etc.*Favourable Govt. Policies. |
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