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The Basic Principle Underlying Location Of Industry Is The Tendency For Production Of A Commodity To Be Located On The Basis Of? - Erudites Academy

The basic principle underlying location of industry is the tendency for production of a commodity to be located on the basis of?

A. division of labour
B. employment trends
C. relative costs and benefits
D. immobility of skilled labour

Correct Answer: Option C

C. relative costs and benefits

Explanation

Location of the industry is the sitting of a firm in a particular area. The benefits a firm derive i.e economies of scale is one of the principles in location of industry.

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5 years ago