Theory question 107
IndustrialisationSection B (answer four questions only from this section)
(a) Distinguish between: (i) a firm and an industry (ii) location and localization of industry
(b) Describe any four factors which influence the location of industries in your country.
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(a)(i) A firm is a single business unit producing goods or services under one management; an industry is the group of all firms producing the same or similar product.
(ii) Location of industry is the choice of the place where a firm or industry is sited; localisation is the concentration of many firms of the same industry in one particular area.
(b) Any four: nearness to raw materials; nearness to market; availability of power and water; availability of transport; availability of labour; government policy; availability of land and finance; external economies/existing industries; climate and security.
Explain how each factor affects cost or convenience.