which of the following is an advantage of localization of industry?
Answer Details
An advantage of localization of industry is the development of subsidiary firms. When industries are concentrated in a particular region, it leads to the growth of subsidiary firms that provide goods and services to support the industries. These subsidiary firms can include suppliers, manufacturers of parts and components, service providers, and so on. This creates a network of interdependent firms that support and enhance each other's operations, leading to greater efficiency, innovation, and competitiveness. The development of subsidiary firms also creates job opportunities and contributes to the overall economic growth of the region. Therefore, the development of subsidiary firms is an advantage of the localization of industry.