1. Availability of Power : Nearness to source of power or availability of power supply in an area will reduce the cost of production.In other words, this will fetch a higher income for a company as the money would be saved for the production of other goods or payment of employee salary.
2. Availability of Labor : Efficiency of labor is an important factor affecting location of industry. A higher labor force will improve production process for goods with elastic effect will create revenue.In other hand, diminishing return will be applied if more or more labor for industry.
3. Local government policies : Government policies might influence the location of industry. A favorable government policy will improve the location of industry as funds and other forms of incentives will be given to industry for the purchase of raw materials. This will help in the development of technology that will improve production of goods .
4. availability of infrastructure : Infrastructural facilities like water, good and available transport system are provide for the location of industry.
5.Availability of raw materials,capital,transport and market
6.Incentives (e.g, importation of machinery from Europe )
Factors favoring the development of primary industry
what political factors affect the retail industry in aystralia
Forest industry is PRIMARY INDUSTRY. Primary sector of industry generally involves changing natural resourcesinto primary products. Most products from sector are considered raw meterials for oter industry. So forest industry is primary induetry.
a third industry
how does inflation affect hospitality in nigeria industry
How did the factors of production help european governments to establish industry?
Hippity hop will affect flight.
Refer to PESTLE analysis
The external environmental factors that affect the financial services industry include organizational direction, internal factors, and external competition. The socio-economics of a society also affects the financial services industry.
Following are the external factors that affect the textile industry of India: 1. Legal factors 2. Political factors. 3. Technology 4. Government Intervention
There are many factors that affect labor supply. In most cases, this will be determined by the wage rate of the particular industry and the production level expected among other factors.
single-family home construction industry is extremely susceptible to changes in economic factors and financial markets.
There are many factors that affect labor supply. In most cases, this will be determined by the wage rate of the particular industry and the production level expected among other factors.
Factors that affect the industry Alakta
what political factors affect the retail industry in aystralia
Forest industry is PRIMARY INDUSTRY. Primary sector of industry generally involves changing natural resourcesinto primary products. Most products from sector are considered raw meterials for oter industry. So forest industry is primary induetry.
It is important to control chemical reactions in industry.
Availability of raw materials - resources , sufficient power supply , large labor supply , money for investment in industries , efficient transportation system, closeness to markets, cities, towns, and incentives to attract industry are factors that affect industry location