What is the difference between location and localization of industries

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Submit Assignment Fill in the form below or give us a call and we'll contact you. Miscellaneous Factors: Historical incidents also play a dominating role in determining the location of industries in certain cases. The development of cotton-textile industry in Lancashire provides an interesting example for this. Further, the size of and industrial unit would also have much influence in choosing location.

This is because the size of industrial units depends upon the radius of the circle within which they can profitably distribute their goods and upon the density of population living within the circle. Availability Banking Facilities: Establishment of industries involves daily exchange of crores of rupees which is possible through banking facilities only.

So the areas with better banking facilities are better suited to the establishment of industries. Availability of Insurance services : There is a constant fear of damage to machine and man in industries for which insurance facilities are badly needed. Firms producing similar products may decide to be near each other so that they can benefit from each other for example soda industry in Uganda is at Kampala, textiles in jinja.

The advantages of localization of industries 1. Employment Opportunities — As an effect from the above, with the localization of an industry in a particular locality and the establishment of subsidiary industries, employment opportunities considerably increase in that region. Infrastructural development. Infrastructures like roads, schools, railways tend to develop near localized areas. For example nominee industrial area in Kampala has good road networks 3. Urbanization of an area.

When a lot of industries are concentrated in an area, they tend to create towns of the own hence an identity of development. Labor gets trained. Dexterity and skill are handed down from one generation of laborers to the next. Financial facilities grow up.

Banks are started there. Reduced cost: Easy availability of raw materials, labor, power and other resources help to reduce cost of production.

Lower costs help industries to reduce prices and increase profits. Inventions and improvement in techniques and usage of machines get encouraged. It creates market. Market for goods tend to emerge since many people tend to work and reside there 9. It increases on the government revenue. Localization tends to increase on the government revenue.

This is always inform of the taxes paid to the government. This taxes are always levied to this industries Subsidiary and complementary industries develop. Improved standards of living. People always get money since they get employed in this localized industries and this helps to increase on their level of income. It helps to increase on production.

Localization tends to increase the level of production in a particular area. This avails the people with a variety of choice from which to choose from. This is as a result of encouraging specialization. Dis advantages of localization of an industry 1.

It causes pollution. Industries always release toxic substances to the air inform of fumes. Is always create health hazards to the people living near this industries 2. Regional imbalance. Localization of industries creates regional imbalance that is some regions become more developed than others. For example comparison between Kampala and nakapiripiriti 3. Increase in the costs of living. The cost of living tend to go up as a result of localization. What it the difference between politics and government?

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