LOCALIZATION OF INDUSTRIES

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This refers to the concentration of related firms in one locality

ADVANTAGES OF LOCALIZATION OF INDUSTRY

  • It encourages specialization.
  • Social and economic services are enjoyed among the industries (external economies)
  •  It enhances research possibilities.
  • It enhances the supply of labour. 
  • It encourages the development of subsidiary industries

DISADVANTAGES OF LOCALIZATION OF INDUSTRY

    1. Localization brings about social disorder owing to emergence of pop seeking for jobs.
  • It is an area of target for bombing during war.
  • It also brings about insufficiency in supply of local amenities clue to the over-crowdedness of the area.
  • It causes the depopulation of the rural areas. 
  • It sometimes causes unemployment problems. 
  • It causes a high standard of ivir0 i.e. it brings about a rise in cost of living.

 

Others are Viewing:
  1. FACTORS THAT NECESSITATES THE SITTING OF INDUSTRIES IN RURAL AREAS
  2. FACTORS / PROBLEMS THAT DISCOURAGES INDUSTRIALISTS FROM SITTING INDUSTRIES IN RURAL AREAS
  3. INDUSTRIALIZATION DEFINITION
  4. LOCATION OF INDUSTRY
  5. PROBLEMS OF INDUSTRIALIZATION IN WEST AFRICA
  6. FACTORS THAT CAN PROMOTE INDUSTRIALIZATION
  7. SOURCES OF FINANCE TO FIRMS IN WEST AFRICA

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