1.

Describe the role and Importance of market in location of the industries.

Answer»

Market plays an important role in establishment of any industry. The industries are established for earning profit. Every industry needs a market to sell its products. This is why, most of the industries are established near cities or urban areas. People in urban areas have more purchasing power and thus provide a good market. There is less transportation cost to market. This is why, industries are established nearby the market.



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