Question

Give an account of Economic life in city​

Answer 1

Answer:

Economics' theoretical definition of a city differs significantly from the empirical implementation of that definition. Conceptually, cities are the absence of physical space between people and firms. Cities are density or proximity, perhaps combined with sufficient scale.

Urban economics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime, education, public transit, housing, and local government finance.

Answer 2

Answer:

Cities play an important role in economic development. Cities provide economies of scale, agglomeration, and localisation; they provide efficient infrastructure and services through density and concentration in transportation, communications, power, human interactions, water and sanitation services.