Factors Influencing the Development of an Industry or Activity (Leaving Cert Geography): Flashcards
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4 types of factors influencing industry
4 types of factors influencing industry
Physical, human, economic, political
Why is raw material proximity critical?
Why is raw material proximity critical?
For bulky or perishable resources
Industry climate example
Industry climate example
Vineyards in sunny regions
Land type needed for factories
Land type needed for factories
Flat and large areas
Energy source examples for industry
Energy source examples for industry
Hydroelectric plants, natural gas reserves
Labour types needed for industry
Labour types needed for industry
Skilled and unskilled labour
Why locate industries in developing countries?
Why locate industries in developing countries?
Reduce labour/production costs
Transport infrastructure examples
Transport infrastructure examples
Roads, rail, ports
Benefit of market proximity
Benefit of market proximity
Reduce transport costs, ensure fast delivery
What capital means for industry
What capital means for industry
Investment, banks, investors, incentives
Example of industry cluster
Example of industry cluster
Silicon Valley for tech
Government policies encouraging industry
Government policies encouraging industry
Tax incentives, subsidies, grants
Political stability benefit
Political stability benefit
Attracts foreign and local investors
Steel industry location factor
Steel industry location factor
Near coal and iron ore (Ruhr Valley, Germany)