Question

Explain the development in agglomeration economies

Answer 1

Answer:

Agglomeration economies exist when production is cheaper because of this clustering of economic activity. As a result of this clustering it becomes possible to establish other businesses which may take advantage of these economies without joining any big organization.

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Answer 2

Answer:

Agglomeration economies exist when production is cheaper because of this clustering of economic activity. As a result of this clustering it becomes possible to establish other businesses which may take advantage of these economies without joining any big organization.