Industries tend to be located closer to market centers than to the sources of major raw materials if the?

Assessment: JAMB UTME - Economics - 1991 Subject: Economics

Question 1 Report

Industries tend to be located closer to market centers than to the sources of major raw materials if the?
Answer Details
Industries tend to be located closer to market centers than to the sources of major raw materials if the products are relatively more expensive to transport than the major raw materials. This is because the cost of transportation is a major factor in the overall cost of production. If raw materials are bulky or expensive to transport, it may be more cost-effective to locate the industry closer to the market centers where the finished products can be sold. In this way, the cost of transporting finished products is minimized, and the industry can remain competitive. Additionally, if raw materials can be easily imported, it may make more economic sense to import them rather than sourcing them locally.

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