JAMB Economics 2021 Objective — Question 25
Question 25 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.
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25. In locating an industry, all of the following are considered except a. Money b. Availability of raw materials c. Labour abundance d. Infrastructural proximity
- A. MoneyCorrect
- B. Availability of raw materials
- C. Labour abundance
- D. Infrastructural proximity
Explanation
Money/capital is rarely the deciding factor in industrial location since industrialists can access funds from many sources; raw materials, labour and infrastructure are the key locational factors.
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