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WAEC Economics 2015 Question 32

Question 32

Industrialisation

Location of firms of an industry is not influenced by

  1. A.availability of raw materials.
  2. B.existence of other firms
  3. C.nearness to the source of money supply
  4. D.government policy.
Show the answer and explanation

Answer: C (nearness to the source of money supply)

Explanation

Firms locate near raw materials, markets and other firms; the source of money supply is irrelevant.