JAMB - Economics (2014 - No. 29)
A major disadvantage of localization of industry is
the risk of structural unemployment
over-utilization of installed industrial capacity
the risk of seasonal unemployment
under-utilization of installed industrial capacity
Erläuterung
Localisation of industries in a particular locality creates many social problems such as congestion, emergence of slums, accidents, strikes etc. These adversely affect the efficiency of labour and the productive ability of the industry.