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location of firms of an industry is not influenced by?

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Economics WAEC 2015

location of firms of an industry is not influenced by?

  • availability of raw material
  • existence of other firms checkmark
  • nearness to the source of money supply
  • government policy

The correct answer is: B

Explanation

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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