Q2 of 53 Page 1

Why is the ‘least cost’ known as decision making factor for ideal location of an industry?

‘Least cost’ is the decision making factor in a location for the industry because if the profit has to be maximum, the cost has to be minimum.


Explanation: If an industry all the other factors like resources and labour but at a high cost, it’s not ideal for industry. But if the cost is least, other factors will follow.


More from this chapter

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30

On the given political outline map of India, two features A and B are marked.
(a) Identify these features with the help of the following information:
A. Iron-ore mines B. Terminal station of North-South Corridor
(b) On the same map locate and label the following:
(C) Gandhinagar—Software Technology Park

 30

Note: The following questions are for the Visually Impaired Candidates only, in lieu of Question No. 30.
1. In which State are Kudremukh iron-ore mines located?
2. Name the eastern terminal station of East-West Corridor.
3. In which State is Gandhinagar Software Technology Park located?

 3

What is meant by a ‘political party’?

 6

What is the meaning of ‘investment’?