In an industrial area, the location of industries is part...
In an industrial area, the location of industries is particularly influenced by
Extent of the division of labour
External economies
Internal economies
Nearness to financial institution
Correct answer is B
External economies of scale imply that as the size of an industry grows larger or more clustered, the average costs of doing business within the industry fall. This may occur due to increased specialization or training of workers, faster innovation or shared supplier relationships.
Following are the types of external economies of scale
Census figure of most countries in West Africa is inaccurate because of ...
The law of diminishing returns is applicable to the__________ ...
From the graph above P2 in price control situation is referred ...
The burden of tax on a commodity whose demand is infinitely inelastic ...
Determine the average product of the 4th unit of capital ...
To enhance the competitiveness of domestic agricultural products, there is need to ...
Comparative advantage implies that a country will specialize in producing the commodity ...
The amount of labour a producer hires relative to labour factor inputs depends on the ...
Which of the following activities of government precludes the existence of a market economy? ...