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

Economics
WAEC 2014

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

  • A. loccation of industry
  • B. amalgamation of industries
  • C. localization of industries
  • D. nationalization of industry
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Correct Answer: Option C
Explanation

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

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