Question on: WAEC Economics - 2014
The concentration of many firms of a particular industry in a particular area is known as
A
loccation of industry
B
amalgamation of industries
C
localization of industries
D
nationalization of industry
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Correct Option: C
Localisation means the concentration of a certain industry in a particular area, locality or region. Localisation is related to the territorial division of labour, that is, specialisation by areas or regions.
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