Question on: WAEC Economics - 2015
location of firms of an industry is not influenced by?
A
availability of raw material
B
existence of other firms
C
nearness to the source of money supply
D
government policy
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Correct Option: B
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.
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