Question

Answer the following question in six sentences:

What are the factors influencing the location of Industries?

Answer 1

In determining the location of an industry, nearness to the sources of raw material is of vital importance. An adequate supply of cheap and skilled labour is also necessary for an industry to succeed. Access to markets is another important factor which the entrepreneur must take into consideration. Industries producing perishable or bulky commodities which cannot be transported over long distance are generally located in close proximity to its markets. The transportation with its three modes, i.e., water, road, and rail collectively play an important role in the selection of the location of an industry. Another factor influencing the location of an industry is the availability of cheap power.