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

Assessment: JAMB UTME - Economics - 2018 Subject: Economics

Question 1 Report

Which of the following is an advantage of localization of industry?
Answer Details
Localization of industries refers to the concentration of firms or industries producing similar product in one area. As major firms concentrate in one area, other subsidiary firms that assist the major firms in the production of goods usually emerge.
Read lesson note on Industry And Industrialization (JAMB)
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