Which of the following factors does not influence the location of an industry?
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: Access to capital
Option 1: Access to Market. This statement is incorrect because access to market is an important locational factor. Industries are often located near markets to reduce transportation costs and ensure easy sale of goods.
Option 2: Access to capital. This statement is correct because capital is important for establishing industries, but it is not considered a direct locational factor like market, labour, raw material or transport. Capital can be arranged from different places.
Option 3: Access to Labour Supply. This statement is incorrect because availability of labour is an important factor influencing industrial location.