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FACTORS INFLUENCING THE LOCATION OF INDUSTRIES - Coggle Diagram
FACTORS INFLUENCING THE LOCATION OF INDUSTRIES
HUMAN FACTORS
proximity to markets
less expensive to transport goods
availability of labour
skilled
universities
unskilled
technical personnel
finance
availability of capital at cheap rate of interest
more money can be put into business
external economies
PHYSICAL FACTORS
transportation facilities to transport goods
road (trucks)
rail (trains)
water (container ships)
transport overseas
availability of raw materials closeby
reduces costs by reducing transport costs
site and services
backwards areas (entrepreneurs granted incentives)
reduces operating costs and establishment costs
more money put into business
ex. Port Said Free Zone, Egypt
ex. Shannon Free Zone, Ireland
availability of cheap power (electricity)
water power
oil
natural gas
climate
topography
water facilities
used in factory processes
level of ground (flat land preferred)
easier to build factories, etc.
drainage facilities
MISCELLANEOUS FACTORS
historical incidents
PERSONAL FACTORS
family and personal connections
