Localization of industries refers to the
-
A.
spread of firms producing different products -
B.
siting of industries near the market -
C.
concentration of firms of an industry -
D.
siting of firms producing different products
Correct Answer: Option C
Explanation
Localization of industries is also called the geographical or territorial division of labour. This means that certain areas or towns come to specialise in the production of certain commodities.
It simply means the concentration of firms of an industry in a particular area.