WAEC - Economics (2015 - No. 31)
location of firms of an industry is not influenced by?
availability of raw material
existence of other firms
nearness to the source of money supply
government policy
Explicaţie
Industrial locations are complex in nature. These are influenced by the availabilityof many factors. 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.