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Localization of industry is encouraged because of ________

Economics
JAMB 2017
Localization of industry is encouraged because of ________
  • A. low interest charges on loans
  • B. improvements in infrastructure
  • C. low foreign exchange rate
  • D. high standard of living
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Correct Answer: Option D
Explanation
This is one of the reasons government participates in the location of industries. When such industries are located, goods are made available and the people get employment and earn income hence, their standard of living will be improved
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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