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Ñeed explanation of agglomeration economies.
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Ankit13335:
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its an area where many industries grow due to the favorable conditions required for an industry.
So this area develop as a economic zone and called agglomeration economic
So this area develop as a economic zone and called agglomeration economic
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When industries develop,urbanisation happens..Many industries set up their industries in an well developed cities so that they could get the benefits like loan facilities, govt facilities, nearby markets etc....That is urbanisation and industrialisation go in hand in hand.....Many industries come together in order to get the benefits of urban centres..This is known as agglomeration economies...
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