Question on: JAMB Economics - 2017
Localization of industry is encouraged because of ________
A
low interest charges on loans
B
improvements in infrastructure
C
low foreign exchange rate
D
high standard of living
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Correct Option: D
Localization of industry is encouraged by improvements in infrastructure because:
* **Infrastructure's Role:** Good infrastructure (roads, transportation, utilities, communication) reduces production costs and makes it easier to operate in a specific location.
* **Impact on Industry:** Improved infrastructure facilitates the smooth flow of goods, services, and information which encourages industrial growth in a particular area.
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