DMPQ: What is a heavy Industry? What are the location factors suitable for setting up of heavy industries.?
Heavy industry relates to a type of business that typically carries a high capital cost (capital-intensive), high barriers to entry and low transportability. The term “heavy” refers to the fact that the items produced by “heavy industry” used to be products such as iron, coal, oil, ships, etc. Location factors are as follows: Availability of raw material … Read more