ECONOMICS THE LOCATION OF INDUSTRY THE IMPORTANCE OF
ECONOMICS THE LOCATION OF INDUSTRY THE IMPORTANCE OF LOCATION The location of a firm has the ability to affect that firms cost of production. Firms are established with the primary aim of earning the maximum profits and as such will endeavor to select a
location where they believe average cost will be at its lowest. FACTORS THAT INFLUENCE CHOICE OF LOCATION The factors that influence the location of a firm are broken down into two (2): Economic and Non-Economic Factors
ECONOMIC FACTORS 1. Nearness to the Source of Raw Materials 2. Nearness to Market 3. Nearness to the Source of Power 4. Nearness to Suitable Labour 5. Land 6. Access to Transport 7. Infrastructure 8. Linkage Industries
Non-Economic Influences on Location 1. Climatic conditions 2. Government Influence 3. Nature of Activities 4. Industrial Inertia 5. Political Stability WHAT WILL DETERMINE
LOCATION? Industries will weigh the factors influencing locations against each other in deciding on where to set up. However, despite all these factors, location may depend on accident or traditions. THE REGIONAL
PROBLEM - WHY? Regional differences in unemployment rates - Industrial concentration makes a region too dependent on one industry - Urban sprawl or conurbations ghetto
- REGIONAL POLICY AIMS Reduce the differences in regional unemployment. This is achieved in two ways: 1. Taking workers to work. The movement of unemployed people from areas which have high unemployment rates to areas that are more prosperous. NOT A GOOD SOLUTION. Why not?
2. Taking work to the workers. assisted areas ASSISTED AREAS To encourage firms to move to or expand in assisted areas, the government provides these industries with: i. Capital grants ii. Training grants iii. New factories
iv. Preferential treatment:- government contracts Question 1. 2. 3. DISCUSS ONE ASSISTED AREA
EXISTS IN THE BAHAMAS. (2 MKS) DISTINGUISH BETWEEN ECONOMIC AND NON-ECONOMIC INFLUENCES ON LOCATION. (4 MARKS) WHAT ARE SOME OF THE POSSIBLE EFFECTS OF REGIONAL POLICIES? (4 MARKS)
Objectives. Cite strong and thorough textual evidence to support analysis of what the text says explicitly as well as inferences drawn from the text, including determining where the text leaves matters uncertain.
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Verb Tense Shifts. An illogical verb tense shift is one in which you change verbs for no apparent reason:. I . highlighted. important information when I . study. for tests. The writer starts this sentence with a past tense verb,...
Newtonian Program Analysis via Tensor Product. Emma Turetsky. GrammaTech. Thomas Reps. Univ. of Wisconsin. and GrammaTech. Prathmesh. Prabhu. Google. This talk is about a new algorithm for solving dataflow-analysis or abstract-interpretation problems.
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