Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Indian Geography Indian Economic and Human Geography
Which of the following assumptions are correct regarding the development of least cost theory of industrial location?
I. Raw materials occurs at only a few locations.
II. Labour supply is immobile.
III. Market exists only in specific places.
1
I and II
2
I and III
3
I, II and III
4
II and III