What are agglomeration economies?How can India compete in international market of manufacturing?
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when some industries tends to come together to make the profit given urban areas it is called agglomeration economies.
India can complete by reducing tarrif barriers on the goods or other imports .
India can complete by reducing tarrif barriers on the goods or other imports .
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Explanation:
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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