Geography
What are the factors responsible for the establishment of an industry?
Industries
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Answer
The factors responsible for the establishment of an industry are:
- Availability of large areas of level land
- Regular and assured supply of raw materials
- Cheap and adequate power supply
- Adequate supply of skilled labourers at reasonable wages
- An efficient network of transport at reasonable rates
- Nearness to market for quick sale of manufactured goods
- Some industries, such as paper, need large quantity of water. Thus, those industries are usually located near rivers, canals or lakes.
- Availability of capital from banks and the government
- Government policies
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