what are agglomeration economics
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a localized economy in which a large number of companies, services, and industries exist in close proximity to one another and benefit from the cost reductions and gains in efficiency that result from this proximity The existence of agglomeration economies can imply different things for local and national ...
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What is Agglomeration economy?
A localized economy in which a large number of companies, services, and industries exist in close proximity to one another and benefit from the cost reductions and gains in efficiency that result from this proximity
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