Question

What is Agglomeration economy?

Answer 1

economies of agglomeration are cost savings arising from urban agglomeration,a major topic of urban economies.One aspect of agglomeration is that all firms are often located near to each other.

Answer 2

$\huge\green{QUESTION}$

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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