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3 Cards in this Set
- Front
- Back
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Give 8 Factors that affect the location of firms.
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Factors affecting the location of firms: Transport, Favour of a specific location, Cheap land, Near labour supply, near raw materials, near market, near power supply, traditional locations.
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What is a regional policy?
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A regional policy is a policy created by the government to help encourage firms to expand in areas suffering from unemployment or industrial decline in the form of subsidies.
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What does deindustrialization refer to?
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Deindustrialization refers to the transition in an economy from the secondary to the tertiary sector, being from production (industry) to services.
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