Factors affecting the location of an economic activity in an MEDC

Socio- Economic Factors

• Capital- very important to any industry. Companies cannot set up their chosen industry without investment of money. This may come from privaste sources of from the government

• Communications- probably the most important factor for new industries nowadays. Most need communication links not only to the rest of the country, but to the rest of Europe and the World. Transport routes such as the motorways, airports, railways and the ports are all things that will attract industrial location.

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