Q. 4 A4.4( 13 Votes )

Write detailed an

Answer :

Industrial development is essential for economic development. There are some factors which influence the industrial development, they are


Government policies


Government policies have a very important role in influencing industrial development. When the country’s economic policies are very rigid then setting up a new industry will be difficult. When the economic policies are very flexible, then the development of industries will be easier. Industrial development is very faster in China compared to India because of the economic policies.


Labour


Cheap labour is another main factor for the industries. When there is cheap labour, it will reduce the cost of production. Low cost of production combined with higher will result in more profit thus leading to industrial development.


Raw materials


The industry needs raw materials for the production process. The industries mainly locate in such a place that there will be easy access to the raw materials or make sure that there is adequate transportation facility to transport the raw materials.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Talk about the inMHB - Geography (New)

Study the factorsMHB - Geography (New)

Complete the listMHB - Geography (New)

Examine all the tMHB - Geography (New)

If you become an MHB - Geography (New)

In India, many imMHB - Geography (New)

Study the factorsMHB - Geography (New)

<img width=MHB - Geography (New)

Highlight the difMHB - Geography (New)

Collect informatiMHB - Geography (New)