One major factor that determines the location of an industry is
ECONOMICS
JAMB 2014
One major factor that determines the location of an industry is
- A. tax exemption grant
- B. its proximity to the market
- C. the capital base
- D. the social responsibility of the firm
Correct Answer: B. its proximity to the market
Explanation
Factors responsible for location of Industries Some of them are: raw material, land, water, labor, capital, power, transport, and market. For ease of convenience, we can classify the location factors into two: geographical factors and non-geographical factors.
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