THE LOCATION OF INDUSTRY

An overview of the factors which affect where industry sets up.

The classification of industry

•PRIMARY – Usually deals raw materials, e.g. Fishing and Forestry.

• SECONDARY – Industries that involve producing and manufacturing goods.

• TERTIARY - Provides a service to the community.

• QUATERNARY – The most high tech and recent of the industry classifications, usually involving research and development.

Physical Factors

• ACCESSIBILTIY The site of a new

factory needs to be easily accessible for the import and export of materials.

• CLIMATE The climate needs

to attract workers to the area.

Other Physical Factors Include

• LAND The site of an

industry needs to have flat land and room to expand should the company become successful

• POWER No longer does

industry have to set up near a power source as industries can now gain power from the national grid

Socio-Economic Factors

• CAPITAL Companies cannot

set up their industry without this. A very important factor

• COMMUNICATION Most have

communication links to the city and the rest of the world

• GOVERNMENT POLICY

Many companies are given incentives to set up in a new country

• LABOUR SUPPLY Many companies

often set up in or around large cities due to the shear demand for labour

• MARKETS These markets are

absolutely vital to industry today. No longer are they local but some world wide

Thank you for listening