Which of the following is most influential in the location of textile and footwear industries?
Answer Details
Among the options given, the most influential factor in the location of textile and footwear industries is abundant cheap labor.
Textile and footwear industries require a large labor force to produce goods at a low cost. If a country has a large supply of labor willing to work for low wages, it can attract textile and footwear industries to set up factories in its territory. This is because labor is usually the largest cost for these industries, and a country with cheap labor can offer cost advantages to manufacturers.
Raw materials are also important for these industries, but they can be imported from other countries if they are not available locally. Energy supply and low interest rates may also affect the cost of production, but they are less critical factors than the availability of cheap labor.
In summary, countries with a large supply of cheap labor have an advantage in attracting textile and footwear industries because they can offer low production costs to manufacturers, making their products more competitive in the global market.