JAMB - Economics (2014 - No. 30)
One major factor that determines the location of an industry is
tax exemption grant
its proximity to the market
the capital base
the social responsibility of the firm
Explicaţie
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.