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

Localization of industry is encouraged because of ______?

by | Oct 21 | Economics JAMB | 0 comments

A. Low-interest charges on loans
B. High standard of living
C. Low foreign exchange rate
D. Improvements in infrastructure

Correct Answer:

Option D – Improvements in infrastructure

Explanation

  1. Nearness to raw material.
  2. Availability of source of power.
  3. Physical and climate conditions.
  4. growth of local industries and infrastructure
  5. Supply of trained labor.
  6. Availability of capital.
  7. Momentum of an early start.

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