Question

how raw material labour capital power and market influemce the location of industries . Explain each in detail

Answer 1

Dear Student

Raw material, labour, capital power and market influence the location of industries .
(i) Without availability of raw material, no industry can work. So where there is cheap source of raw material, most industries are set up in that area.
(ii) Without human labour being available it is near to impossible to operate an industry. Both skilled and unskilled labour is required to get work done.
(iii) Capital is like backbone for setting up an industry. Without capital we can not start our industry. Capital is required to meet daily expenses also.
(iv) Market place also influence the decision for location of industries. More industries will be located where market place will be near and there will be convenience to reach to customers.


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