Geography, asked by mon777, 11 months ago

What is agglomeration economies?




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Answers

Answered by Faraaz17
0

Answer:

Agglomeration economies. Agglomeration economies or external economies of scale refer to the benefits from concentrating output and housing in particular areas. If an area specialises in the production of a certain type of good, all firms can benefit from various factors such as: Good supply networks.

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Answered by ItzKrinna
2

Explanation:

\huge\green{QUESTION}

What is Agglomeration economy?

\huge\blue{ANSWER}

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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