Tag: urbanisation

The industries requiring large quantities of heavy raw materials are located near the places having abundant availability of that raw materials. This is the basic step taken by any industries to reduce transportation cost of raw material.

Industries tend to locate in areas that have high population. The main reason is to get cheap labour in huge quantity.

Transport is essential to procure raw materials from the sources to the industry and transfer the finished products to the market. Even we can say transport is the back bone of any industry without transport we cannot produce our product in market for sale.

Capital/Money is essential to set up any industry. If we have good plan or idea for business but we do not have capital/money, we are not able to setup industry or implement our idea.

As trade increased, with the help of it, newer business buildings grew up. With the shortage of area and also because of easier communication, they started growing complexes. A cooperative society that lends money collected from its members at low rates of interest also grew up to help for the time being. Banks also grew as did international trade to keep the growth and development of the country in check.

Trade is buying and selling of goods and services between two individual or more than that. It is basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.

The various types of migration are mainly international which means outside the nation, and national which means within a nation. There are others types of migration too such as, forced, long term, short term, voluntary, permanent etc.

Urbanisation means an increase in the proportion of people living in urban areas compared to rural areas. People started moving in the urban areas as there grew more factories during Industrialisation and hence employment in those factories grew. With industrialisation, trade improved among countries too.