Business Studies, asked by hottiedesibb, 1 year ago

how can linkage industries benefit the economy

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Answered by Anonymous
5

The concept is widely used in industrial and economic geography to portray interfirm interdependence. ... Industrial linkages are a powerful sustainer of industrial agglomerations, and serve to propel economic growth and widen a firm's knowledge of space.

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Answered by SamikBiswa1911
0

Answer:

Hirschman introduces the concept of backward and forward linkages. A forward linkage is created when investment in a particular project encourages investment in subsequent stages of production. A backward linkage is created when a project encourages investment in facilities that enable the project to succeed.

The concept is widely used in industrial and economic geography to portray interfirm interdependence. Industrial linkages are a powerful sustainer of industrial agglomerations, and serve to propel economic growth and widen a firm's knowledge of space

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