Location of Industry in Small Settlements in the light of Industrial Towns

Abstract

Location of industry is already following Western European trends in the 21st century, and priority is given to social factors, e.g. educational attainment, social mobility and cheap labour, in decisions on setting up new industrial establishments and on developing investments. Firms, due to globalisation, prefer moving to sites that ensure greater profits, the focus is thus on profit. Geographical location, mineral resources, water supply, the state and quality of the environment, and the climate are the main natural factors relating to location of industry. The size and qualifications of labour force, national legal system, political stability, infrastructure and local tradition are the main social factors relating to location of industry. Thinking about the nature of our settlements in this respect, it is considered that although villages and towns can be based on common principles, they them- selves develop and create their characters and values.