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WAEC Economics 2014 Question 49

Question 49

Industrialisation

The concentration of many firms of a particular industry in a particular area is known as

  1. A.location of industry.
  2. B.amalgamation of industries.
  3. C.localization of industries.
  4. D.nationalization of industry.
Show the answer and explanation

Answer: C (localization of industries.)

Explanation

Localisation is the concentration of an industry's firms in one area.