Question

what is agglomeration economy​

Answer 1

Answer:

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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

Answer:

Agglomeration economies are the benefits that come when firms and people locate near one another together in cities and industrial clusters.