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Factors may be placed into three basic categories:
1. Natural Advantages
2. Acquired Advantages
3. Government Advantages
The factors can be listed as follows:
a) Cost-[Acquired]
b) Closeness to a source of raw materials-[Natural]
c) Closeness to a source of power-[Acquired and/or Natural]
d) Closeness to a market-[Acquired]
e) Closeness to an educated working force-[Acquired]
f) Closeness to a method of transport-[Acquired]
g) Government Intervention-[Government]
h) In a suitable climate-[Natural]
i) In a stable political atmosphere-[Government]
j) Health facilities-[Acquired]
Wiki User
∙ 11y ago
Factors affecting the location of industry include proximity to raw materials, access to transportation networks, availability of skilled labor, market demand, government policies and regulations, and infrastructure resources like water and electricity. Other factors may include land and construction costs, environmental considerations, and proximity to suppliers and customers.
Wiki User
∙ 14y agothere are many factors such as
1. availability of material
2.availability of energy
3.availability of transport
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