28-06-2012, 01:07 PM
FACTORS OF PRODUCTION
Land and other natural resources
Labour
Factory, Building , Machinery , Tools ,Raw materials
Enterprise
STEPS IN PLANT LOCATION
Selecting the region or general area according to the availability of raw material, power or fuel , transport and topography.
Selecting the particular community i.e labour , banking , local taxes ,water, momentum of early start and other personal factors
Selecting the exact plant site i.e price of land, waste disposal, expansion potential, availability of basic aminities, health of locality and technological awareness