- What do u understand by the term industrial inertia?
- Discuss the role of fixed capita and acquired advantages in influencing industrial inertia. CAMEROON GCE JUNE 2016.
ANSWER
Industrial inertia is the will, decision, or the tendensy for a particular industryto remain in a particular location long after, the reasons for their being there have have disappeared or it is the continious concentration of industries in a particular location, despite the disappearance oof its inertia factors. Nowadays many industries have decided to relocate or change their location due to disappearance of past location factors, but some industries have not. The Rhur westphalia, Pittsburg industrial region of North East USA Textile industries in Lancashire (Britain). Industrial inertia is therefore, a built in resistance to decline, thus compelling industries to remain in a particular location long after the reasons for their beingb there have declined.
FIXED CAPITA AND ACQUIRED ADVANTAGES PLAY A GREAT ROLE IN INFLUENCING INDUSTRIAL INERTIA
OTHER ACTORS THAT INFLUENCE INDUSTRIAL INERTIA
- The government
- High cost of relocation
- Poor knowledge and uncertainty about some profitable areas
- communication network