Economics WAEC

Location of a firm in rural areas may?

A. enable the firm to enjoy existing infrastructural facilities
B. make finance readily available
C. enhance even or balanced development
D. make such firm enjoy external economies of scale

Correct Answer: Option C

Explanation

– It will be easier for the firm to get raw materials in rural areas.
– It would bring about development and improvement in the standard of living in the area.
– Basic infrastructure may not be available.

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