One major factor that determines the location of an industry is

  • A tax exemption grant
  • B its proximity to the market
  • C the capital base
  • D the social responsibility of the firm
jamb 2014economics

The correct answer is B. its proximity to the market

Factors responsible for location of Industries

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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