Localization of industry is encouraged because of

  • A Low interest charges on loans
  • B High standard of living
  • C Low foreign exchange rate
  • D Improvements in infrastructure
jamb 2016economics

The correct answer is D. Improvements in infrastructure

(i) Nearness to raw material.

(ii) Availability of source of power.

(iii) Physical and climate conditions. 

(iv) growth of local industries and infrastructure

(v) Supply of trained labor.

(vi) Availability of capital.

(vii) Momentum of an early start.

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