GEOGRAPHY
(5a)
Manufacturing Industry refers to the turning of both organic and inorganic raw materials or substances into finished or new products by mechanical or chemical means.
(5b)
(i) Proximity to market:- This happens when the cost of moving the finished products to the market forms a high percentage of the total cost, hence the need to locate it close to the market.
(ii) Nearness to source of power :- Industries which are large users of fuel and power are often located near the source of power. A very good example of such industries is aluminum smelting factory.
(iii) Nearness to Labour:- In the tropical countries there is a concentration of skilled,semiskilled and unskilled labour forces in the urban centres. Thus, many industries are located in or around big tropical cities.
(iv) Availability of Capital:- For an industry to set up, whether private or a joints stock company, capital plays a minor role in its establishment and continuance. It is to be noted that capital has great mobility, hence entrepreneur should have access to loans and overdraft in order to purchase industrial inputs.
(v) Government Policies:- The government of every nation should encourage the setting up of industries through the creation of industrial zones or belts in each geographical area and through the provision of infrastructural and social amenities in such areas.
(5c)
(i) Economic Development.
(ii) Creation of Employment Opportunity.
(iii) Increase in Productivity.
(iv) Reduction In Prices of Goods.
(v) Increase in Foreign Exchange.
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