This article throws light upon the ten main factors which determine the location of an industry. The factors are: 1. Availability of Raw Materials 2. Proximity to Markets 3. Transport Facilities 4. Motive Power and Fuel 5. Availability of Labour 6. Financial Facilities 7. Climatic Factors 8. Historical and Personal Factors 9. State Assistance 10. Early Start. Factor # 1. [...]
Selection of the site for an industrial plant is governed by many considerations, both the economic analysis of the costs as well as judgment as to the modifying effects of other factors. First, the costs of land, labour, materials, taxes, heat, light and power should be calculated and the costs of marketing from that place should be estimated. Then the [...]
This article throws light upon the four arguments favouring small industries:- 1. Employment Argument 2. Decentralisation Argument 3. The Latent Resources Argument 4. Social and Political Arguments. 1. Employment Argument: Small-scale industries will generate more employment with less capital investment. They operate according to labour- intensive methods and hence create higher promotion of employment per unit of capital invested. In [...]