Labour

There are four: land, labour, capital and enterprise. They work together rather than in isolation.

Labour means the people who work for a business. A location near a suitable pool of workers can make recruitment easier. The important question is not simply how many people live nearby, but whether they have the skills the business needs.

The main factors to consider are costs, proximity to market, labour and materials. These often pull the decision in different directions: a site close to customers may be attractive but expensive.