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Localization Of Industry Is Encouraged Because Of ________? - Erudites Academy

Localization of industry is encouraged because of ________?

by | Oct 20 | Economics JAMB | 0 comments

A. low-interest charges on loans
B. improvements in infrastructure
C. low foreign exchange rate
D. high standard of living

Correct Answer:

Option D – high standard of living

Explanation

This is one of the reasons government participates in the location of industries. When such industries are located, goods are made available and the people get employment and earn income hence, their standard of living will be improved

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