One major factor that determines the location of an industry is

Assessment: JAMB UTME - Economics - 2014 Subject: Economics

Question 1 Report

One major factor that determines the location of an industry is
Answer Details
The location of an industry is mainly determined by its proximity to the market. This is because being close to the target market can make it easier and cheaper to transport goods and services, which reduces production costs and makes the industry more competitive. Other factors like tax exemption grants, capital base, and social responsibility of the firm can also play a role, but they are typically secondary considerations.
Read lesson note on Factors Of Production (WAEC)
Read lesson note on Industry And Industrialization (JAMB)
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