Localization of industry is encouraged because of ______?

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.