The concentration of industries in one place is referred to as

Assessment: WAEC SSCE - Economics - 1990 (Objective) Subject: Economics

Question 1 Report

The concentration of industries in one place is referred to as
Answer Details
The concentration of industries in one place is referred to as the "localization of industries". This means that a large number of industries or factories are located in a particular region or area. The main reason for the localization of industries is to take advantage of certain benefits such as the availability of raw materials, proximity to markets, availability of skilled labor, and access to transportation. By having industries located in close proximity to each other, they can share resources, collaborate on research and development, and benefit from a skilled workforce. The localization of industries can also lead to the development of supporting industries and services, which further strengthens the regional economy.

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