The concentration of many firms of a particular industry in a particular area is known as?

A. location of industry
B. amalgamation of industries
C. localization of industries
D. nationalization of industry

Correct Answer: Option C

C. localization of industries

Explanation

Localization means the concentration of a certain industry in a particular area, locality or region. Localization is related to the territorial division of labour, that is, specialization by areas or regions.