Concept:Localization of industries means many firms from the same industry are concentrated in one geographical area.
Explanation:Localization is also known as geographical or territorial division of labour.
It describes a situation where a particular town or region specialises in producing certain goods.
For example, textile firms may cluster in one town, while steel firms cluster in another.
The key idea is not just the sitting of firms near markets, but the concentration of firms belonging to the same industry in a specific location.
This allows the area to develop specialised skills, infrastructure, and supporting services for that industry.
Therefore, localization refers to the concentration of firms of an industry in a particular area.
It is different from the spread or siting of firms producing different products.
Answer:C. concentration of firms of an industry