Question

Name any three human factors for the location of an industry.

Answer 1

• Availability of cheap labour and skilled labour. If there is no skilled labour then it will affect the quality of products that are produced. If there is no cheap labour available, then the cost of production will increase. Hence this is a very important parameter.
• Availability of the market for the goods produced. There has to be sufficient buyers for your end product, and there should be easy, good, and cheap transportation facilities to transport the goods from the industry to the market.
• Availability of different services like consultancy, banking, insurance etc.