WAEC - Economics (2023 - No. 6)
Industries are sometimes located in areas which are not profitable so as to
encourage rural-urban migration
be able to even-out development
bring about external economies of scale
be able to reap internal economies of scale
Penjelasan
Industries are sometimes located in areas which are not profitable so as to even-out development. This is a government policy that aims to reduce regional disparities in economic development.
By locating industries in less developed areas, the government hopes to create jobs and boost economic growth in these areas. This can help to reduce poverty and improve the standard of living in these areas.
By locating industries in less developed areas, the government hopes to create jobs and boost economic growth in these areas. This can help to reduce poverty and improve the standard of living in these areas.