WAEC - Economics (2010 - No. 27)

The following are all factors determining the location of industry except
minimum wage rate
availability of labour
nearness of raw materials
proximity to the market

Explanation

Factors that influence where an industry locates include:

  • power supply.
  • communications - including transport, telecommunications.
  • labour supply - including workers with the right skills.
  • access to market - where the goods are sold.
  • grants and financial incentives - usually from governments.
  • raw materials.

This factors do not include minimum wage rate.

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