This article throws light upon the nine main economic factors governing the location of an industry. The factors are: 1. Capital 2. Labour 3. Transport 4. Demand 5. Market 6. Government Patronage and Policies 7. Tax and Subsidies 8. Management 9. Other Factors. Economic Factor # 1. Capital: The capital or investment is the basic […]
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Read this essay to learn about the Least Cost Location Theory of Alfred Weber. After reading this essay you will learn about: 1. Objectives of the Theory 2. Assumptions of the Theory 3. Postulations 4. Criticisms. Essay # Objectives of the Least Cost Location Theory: The basic objective of Weber’s theory is to find out […]
There are several which changes took place the industrial pattern during the period of planning; under: (a) Rise in the Share of Secondary Sector in GDP: The share of industrial sector in GDP (Gross Domestic Product) has increased continuously during the plan periods. The share of industry in GDP at FC rose from 13.3% in […]
9 Industrial Patterns during the five year plans in India are: 1. Infrastructure 2. Increasing Share of Industry in GDP 3. Heavy and Capital Goods Industries 4. Consumer Durables 5. Chemicals, Petrochemicals and Allied Industries 6. Emergence of Public Sector 7. Liberalisation 8. Sunrise Industries 9. Footloose industry. Industrial pattern in India has gone through […]
5 Major mineral-based industries in India are: 1. Iron and Steel Industry 2. Copper Smelting Industry 3. Aluminium Industry 4. Lead arid Zinc Smelting Industry 5. Cement Industry. These industries use minerals, both metallic and non-metallic, as raw materials and are based on ferrous and non-ferrous metallurgical processes.
This group of industries depends on the raw material produced by the agricultural sector. The products comprise mostly consumer goods. Agro- based industry is important from the point of view of contribution to industrial production and employment generation. A survey of various agro- based industries is given below. 1. Textile Industry: The textile industry plays […]
This sector of the industry developed only after independence. Before that the country totally depended on imports. Heavy engineering industry produces capital goods and consumer durables and its products can be put into the following categories—industrial machinery or capital goods, power generation equipment, transport equipment, rail equipment, aircraft building and ship building. Industrial Machinery: These […]