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JAMB Economics 2014 Question 38

Question 38

Industrialisation

One major factor that determines the location of an industry is

  1. A.the capital base.
  2. B.the social responsibility of the firm.
  3. C.tax exemption grant.
  4. D.its proximity to the market.
Show the answer and explanation

Answer: D (its proximity to the market.)

Explanation

Being close to the market lowers the cost of transporting finished goods to buyers.