Answer:
Least
cost plays the most dominant role for the ideal location of an industry.
The reasons are
(i) Cost of obtaining raw material at the factory site should
be minimum i.e., raw materials should be available nearby or may be transported
cheaply to the industrial location.
(ii) The factory should be located so that manufactured products
may easily be distributed or transported to the market at least cost by rail,
road or water transport.
(iii) Cost of manufacturing at the factory site should be
low. This means that trained experienced labour should be readily available
locally or in nearby areas, electric power supply should be readily available
and cheap. Also, land for locating the industry should be available cheaply.
You need to login to perform this action.
You will be redirected in
3 sec