The following are all factors determining the location of...
The following are all factors determining the location of industry except
Minimum wage rate
Availability of labour
Nearness of raw materials
Proximity to the market
Correct answer is A
Factors that influence where an industry locates include:
- power supply.
- communications - including transport, telecommunications.
- labour supply - including workers with the right skills.
- access to market - where the goods are sold.
- grants and financial incentives - usually from governments.
- raw materials.
- This factors do not include minimum wage rate.
A normal good with close substitutes is likely to have its price elasticity of demand ...
The monetary system that requires double coincidence of want is known as ...
Stock exchange market deals with ...
Public corporation in West Africa are set up to ...
A tax on a commodity whose supply is perfectly inelastic is ...
In market economy, the question of what, how and for whom to produce are solved by the ...
The best method to curb inflation in Nigeria is to ...
The additional revenue obtained by using one more unit of a factor is called its ...