Question

Name any three factors for the location of an industry.

Answer 1

Hint: Industry, group of efficient enterprises or organizations that generate goods, services, or sources of income. Industries are principally categorized as primary, secondary, tertiary and quaternary;
 secondary industries are further categorized as heavy and light.

Complete answer:
The three factors that affect the location of an industry are:
- Raw material
- Power resources
- Market

Raw material: Industries should be located near the areas where the raw material is accessible at reasonable prices. The importance of raw materials in the manufacturing industry is so crucial that it needs no emphasising. The setting of an industry is sometimes determined by the location of the raw materials. Modern industry is so complicated that a wide range of raw materials is essential for its growth.

Power resources: The availability of power resources is another crucial factor for determining the location of industry. A regular supply of power is a prerequisite for the localisation of industries. Coal, mineral oil and hydro-electricity are the three significant conventional sources of power. The iron and steel industry which mainly relies on large quantities of coking coal as a source of power is continually tied to coal fields. Others like the electro-metallurgical and electrochemical industries, which are great users of economical hydro-electric power, are commonly found in the regions of hydro-power production. Thus, more than all other characteristics affecting the location of industries, quite often they are established at a point which has the best financial benefit in achieving power and raw materials.

Market: The market determines the need as well as the variety of goods generated in a region. The entire procedure of manufacturing is unnecessary until the finished goods reach the market. Nearness to market is crucial for quick discarding of manufactured goods. It helps in lessening the transport cost and facilitates the consumer to get things at reasonable rates. The ready market is most vital for perishable and heavy products. Sometimes, there is a considerable material increase in weight, bulk or fragility during the cycle of manufacture and in such cases, business tends to be market-oriented.

Note: Industrial Law refers to the laws regulating industrial enterprises. These can include a wide range of legal issues, from employment laws to environmental interests, contracts, industrial associations, and worker security restrictions. The three basic rights if the workers working in industries are; - the right to be consulted about security in the workplace.
- The right to workers income.
- The right to equitable pay and conditions.