WAEC Economics 2014 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
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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 industryCorrect
- D. nationalization of industry
Explanation
Localization of industry is the concentration of firms of a particular location. This may result in something like an industrial estate.
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