Question on: JAMB Economics - 2018
Which of the following is an advantage of localization of industry?
A
Development of subsidiary firms
B
creation of parallel market
C
development of slums
D
attraction of foreign capital
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Correct Option: A
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.
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