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JAMB Economics 1993 Question 30

Question 30

Industrialisation

One of the most important factors that should be considered in the location of an industry is

  1. A.nearness to the financial centre
  2. B.assured patronage by government functionaries
  3. C.availability of inputs and market
  4. D.availability of adequate security
Show the answer and explanation

Answer: C (availability of inputs and market)

Explanation

Firms locate where they can get raw materials and other inputs and sell their products cheaply.