JAMB Economics 2023 Objective — Question 20
Question 20 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
The deliberate act of setting up firms close to each other is referred to as
- A. (A) agglomeration of firms
- B. (B) consolidation of firms
- C. (C) localization of firmsCorrect
- D. (D) concentration of firms
Explanation
Localization of firms is the deliberate effort of setting up firms in a particular locality, often to benefit from shared resources or infrastructure.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.