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JAMB Economics 2010 Question 39

Question 39

Industrialisation

Localization of industries refers to the

  1. A.spread of firms producing different products
  2. B.siting of industries near the market
  3. C.concentration of firms of an industry
  4. D.siting of firms producing different products.
Show the answer and explanation

Answer: C (concentration of firms of an industry)

Explanation

Localisation is when firms in the same industry cluster in one area.