WAEC Economics 2003 Question 10

Question 10

Industrialisation

Which of the following is an advantage of localization of industry?

  1. A.Development of subsidiary firms
  2. B.Creation of parallel markets
  3. C.Development of slums
  4. D.Attraction of foreign capital
Show the answer and explanation

Answer: A (Development of subsidiary firms)

Explanation

When an industry is concentrated in one area, subsidiary firms grow up to supply it with parts and services.