Question

what is agglomeration economies?​

Answer 1

Answer:

Cities provide markets and also provide services such as banking, insurance, transport, labor, consultants and financial advisers, etc., to the industries.So, it is basically coordination of various industries in a city for the development of manufacturing industries(actually the secondary sector).

Answer 2

Answer:

economics of agglomeration or agglomeration effects are cost saving arising from urban agglomeration , a major topic of urban economic . one aspect of agglomeration is that firms are often located near to each other . this concept relates to the idea of economics of scale and network effects