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    Location of Industry

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    Location of Industry

    Uploaded by

    oluwaseun4adeolu
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    location of industry

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    4 views10 pages

    Location of Industry

    Uploaded by

    oluwaseun4adeolu

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    INDUSTRIES IN NIGERIA

    INDUSTRY
    Industry is defined as a group of firm producing similar products.
    Types of industry
    1. Manufacturing industry
    2. Mining industry
    3. Construction industry
    4. Processing industry
    5. Transport industry
    6. Power & energy industry
    7. Communication industry
    8. Educational industry

    c
    What is a firm?
    A firm is a basic unit within which
    factors of production are organised
    for the purpose of producing wealth.
    Further more, it is an entity which
    specializes in the production and
    distribution of goods under one
    management. E.g Aunty Ayo
    International School Ltd, Texaco
    Nigeria Ltd., Unilever Nigeria Plc. Etc.
    Location of industry
    This can be defined as the sitting or
    establishing of a firm in a particular
    place. Industries can be located or
    sited by individuals or government
    for profit making or rendering of
    services.\
    Industries are located at areas where
    the cost of production are lowest.
    Factors influencing the location of
    industry
    • Nearness to source of raw materials.
    • Nearness to market
    • Availability to capital
    • Availability of labour
    • Availability of good transport network
    • There should be political stability
    • Favourable climate
    • Government policy
    LOCALISATION OF INDUSTRY

    Localisation of industry can be defined


    as the concentration of industries in
    a particular area. i.e it is sitting of
    industries in situated area.
    Factors that favour localisation of
    industries
    • Nearness or access to raw materials
    • Availability of marketing facilities
    • Abundance of labour
    • Government policy
    • Availability of infrastructural facilities
    • Joint research and training centres
    Advantages of localistion of industries

    • It encourages development
    • It generate employment in the area they are
    situated
    • It creates competition
    • It attracts more people to the area
    • It encourages provision of social amenities
    • It ensures cooperation among firms
    • It aids division of labour and specialisation
    • It brings about emergence of organised
    market
    Disadvantages of localisation of
    industries
    • It leads to congestion in the area
    they are situated
    • It encourages rural-urban migration
    • There is presure on social amenities
    • It causes structural unemployment
    • It leads to increase in crime rate
    • It causes environmental pollution
    • It becomes target for enemy attack
    Class work
    1. Define industry
    2. State five advantages of location of
    industry

    Assignment
    3. Explain reasons for government
    participation in location and
    localisation of industry.+++

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