Question

what is agglomeration economy ? pls exlain

Answer 1

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

Answer 2

Agglomeration economies are the benefits that come when firms and people locate near one another together in cities and industrial clusters.Economies of agglomeration considers the effects of urban agglomeration, it a 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. ... Cities form and grow to exploit economies of agglomeration.