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Which one of ...

Question

Which one of the following factors play the most dominant role in industrial location in a region ?
a) availability of raw material b) cheap,skilled and unskilled labour
c) proximity to the market D) least cost of manufacturing and labour

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Solution

It should be the option D, since the least cost of manufacturing or production implicitly means that all the production inputs so required in form of labour, raw material, etc. are available at least cost. This implies that the cost of transportation of inputs is low. Thus, the option D plays the most dominant role in determining the best-feasible location for an industrial unit.

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