Question

Class 10 . . . . . . . . . . . . . . . . .
Social studies. . . . . . . . . . . . . .
What is agglomeration economies ?

Answer 1

the cities provide jobs,markets,banking,insurance,transport,labour,consultants and financial advices to the industries...many industries then come together to make use of these advantages provided by the urban centres ....this is known agglomeration economies....

Answer 2

Hii friend...here is your answer..
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Agglomeration economies are a powerful force that help explain the advantages of the "clustering effect" of many activities ranging from retailing to transport terminals. There are three major categories of agglomeration economies:Urbanization economies. Benefits derived from the agglomeration of population, namely common infrastructures (e.g. utilities or public transit), the availability and diversity of labor and market size.Industrialization economies. Benefits derived from the agglomeration of industrial activities, such as being their respective suppliers or customers. This favors the emergence of industrial clusters.Localization economies. Benefits derived from the agglomeration of a set of activities near a specific facility, let it be a transport terminal (logistics parks), a seat of government (lobbying, consulting, law) or a large university (technology parks).
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