Question

What ate agglomeration economics ​

Answer 1

Answer:

Economies of agglomeration or agglomeration effects are cost savings arising from urban agglomeration, a major topic of urban economics. One aspect of agglomeration is that firms are often located near to each other. This concept relates to the idea of economies of scale and network effects.

Answer 2

$\huge{ \bold{ \red{ \mid{ \underline{ \underline{answer}{ \mid}}}}}}$

$\bold{Agglomeration \: economies : - }$

ᴀʀᴇ ᴛʜᴇ ʙᴇɴᴇғɪᴛs ᴛʜᴀᴛ ᴄᴏᴍᴇ ᴡʜᴇɴ ғɪʀᴍs ᴀɴᴅ ᴘᴇᴏᴘʟᴇ ʟᴏᴄᴀᴛᴇ ɴᴇᴀʀ ᴏɴᴇ ᴀɴᴏᴛʜᴇʀ ᴛᴏɢᴇᴛʜᴇʀ ɪɴ ᴄɪᴛɪᴇs ᴀɴᴅ ɪɴᴅᴜsᴛʀɪᴀʟ ᴄʟᴜsᴛᴇʀs.

❥ᴇᴄᴏɴᴏᴍɪᴇs ᴏғ ᴀɢɢʟᴏᴍᴇʀᴀᴛɪᴏɴ ᴏʀ ᴀɢɢʟᴏᴍᴇʀᴀᴛɪᴏɴ ᴇғғᴇᴄᴛs ᴀʀᴇ ᴄᴏsᴛ sᴀᴠɪɴɢs ᴀʀɪsɪɴɢ ғʀᴏᴍ ᴜʀʙᴀɴ ᴀɢɢʟᴏᴍᴇʀᴀᴛɪᴏɴ, ᴀ ᴍᴀᴊᴏʀ ᴛᴏᴘɪᴄ ᴏғ ᴜʀʙᴀɴ ᴇᴄᴏɴᴏᴍɪᴄs. ᴏɴᴇ ᴀsᴘᴇᴄᴛ ᴏғ ᴀɢɢʟᴏᴍᴇʀᴀᴛɪᴏɴ ɪs ᴛʜᴀᴛ ғɪʀᴍs ᴀʀᴇ ᴏғᴛᴇɴ ʟᴏᴄᴀᴛᴇᴅ ɴᴇᴀʀ ᴛᴏ ᴇᴀᴄʜ ᴏᴛʜᴇʀ. ᴛʜɪs ᴄᴏɴᴄᴇᴘᴛ ʀᴇʟᴀᴛᴇs ᴛᴏ ᴛʜᴇ ɪᴅᴇᴀ ᴏғ ᴇᴄᴏɴᴏᴍɪᴇs ᴏғ sᴄᴀʟᴇ ᴀɴᴅ ɴᴇᴛᴡᴏʀᴋ ᴇғғᴇᴄᴛs.