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JAMB Economics 2006 Question 33

Question 33

Industrialisation

A major advantage of industrialization is that it

  1. A.leads to self-reliance
  2. B.curbs inflation
  3. C.leads to growth and development
  4. D.improves the terms of trade
Show the answer and explanation

Answer: C (leads to growth and development)

Explanation

Industrialisation raises output, creates jobs and widens the economy, leading to growth and development.