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What is the difference between manufacturing and agriculture?

Manufacturing is when you make something man (or women) made. Like a computer made in a factory. Agriculture is when you plant something and it grows by nature. Like corn grown in a farm.


What is an example of land as a factor of production?

Farm - primary source of land for production. Refinement / manufacturing plant uses the land to produces goods.


Why manufacturers locate near resources?

Transportation of resources means costs. So - if resources are near your manufacturing plant - your costs are lower - your incomes are higher.


Define integrated steel plant?

Definition of Integrated Steel Plant:- Steel Producers who are manufacturing BILLET directly from IRON ORE and then roll those BIILET to make finish product in-house adopting BF-BOF route or COREX-BOF route or DRI-EAF route or MBF-EOF technology.


What are the key factors that influence the location of a manufacturing plant by an entrepreneur?

Key factors influencing the location of a manufacturing plant include proximity to raw materials, which reduces transportation costs; access to skilled labor, ensuring a capable workforce; infrastructure, such as roads and utilities, that supports efficient operations; and market accessibility, allowing easy distribution of products to consumers. Additionally, considerations like government incentives, environmental regulations, and overall economic conditions of the region also play critical roles in the decision-making process.