Question

Which of the following options define „Agglomeration Economies‟? A. Industries use the advantages of urban centres
B. Self-reliant industries of rural centres
C. Joint sector industries operated by producers and suppliers
D. Manufacturing units for overseas trade

Answer 1

Industries use the advantage of urban centers define the "Agglomeration Economies".

Answer: Option A.  

Explanation:  

Agglomeration economies are those benefits that industries and people experience when they are closely situated geographically, and can share low costs of production and other aspects. Localization economies and urbanization are the two types of these benefits and that stem from infrastructure focus and population clusters. An example of agglomeration economies can be a shopping mall.

Answer 2

Answer:

HeYa mate option A is the answer