question_answer

What factors are required to set up an industry in a region?

Answer:

Factors required to set up an industry:

(i) Availability of raw materials: Raw materials should be easily available from nearby areas only.

(ii) Labour: Labour should be skilled and easily available from the neighbouring areas only.

(iii) Power supply: Without power supply, an industry cannot be run, so it should also be available as per the requirements.

(iv) Market: If it is a heavy material and a perishable good, market for the sale of the goods should also be available in a nearby area only.