The document discusses the topic of localization of industry. Localization of industry refers to the concentration of firms producing the same commodity in a particular region. This localization occurs due to factors like proximity to raw materials, markets, labor, infrastructure and climate. Some advantages of localization include access to resources, skilled labor pools, and growth of subsidiary industries. However, disadvantages include overdependence, social issues, limited jobs, and regional imbalances. On balance, the document argues that localization has more advantages for a nation's development, though its disadvantages need to be addressed.

1. TOPIC-LOCALIZATION
OF INDUSTRY
SUBMITTED BYPREETRAJ

2.  INTRODUCTION
 FACTOR
 ADVANTAGE
 DISADVANTAGE

3.  Localizations
of industries mean
concentration of most of the firms
engaged in producing the same type of
commodity in a particular region
 For
example, a large number of factories
producing cotton textiles are
concentrated in Mumbai and Ahmedabad.

4. Nearness to raw material
 Nearness to market
 Availability of labor
 Availability of power
 Transport facilities
 Availability of finance
 Climate


5. 
Reputation

Skilled Labor

Growth of Facilities

Subsidiary industries

6. 
Employment Opportunities

Common problem

Economy Gains

7.  Dependence
 Social
Problems
 Limited
Employment
 Regional
Imbalance

8. Thus localization has many more advantages and also limits but
considering the meritorious part, it is recommended as it enhances
the fiscal condition of the nation. Also by removing the defects of
centralization, it can pave way for a nation’s development