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What is the main objective of industrial localization?
  • a)
    Maximizing profit for individual industries.
  • b)
    Ensuring equitable distribution of industries across regions.
  • c)
    Reducing competition among industries in the same region.
  • d)
    Enhancing economic efficiency through clustering of related industries.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the main objective of industrial localization?a)Maximizing pro...
The main objective of industrial localization is to enhance economic efficiency through the clustering of related industries. By locating similar industries in close proximity, companies can share resources, access specialized labor, and benefit from knowledge spillovers.
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What is the main objective of industrial localization?a)Maximizing profit for individual industries.b)Ensuring equitable distribution of industries across regions.c)Reducing competition among industries in the same region.d)Enhancing economic efficiency through clustering of related industries.Correct answer is option 'D'. Can you explain this answer?
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