Write a short note on Agglomeration Industries.
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The term agglomeration is an economic term used to refer to the phenomenon of firms being located close to one another. There are a number of components we'll explore later in this lesson, but for now just remember that agglomerationrelates to clusters of population or business activity.
OR
There are actually two major categories of agglomeration: Urbanization economies and Localization economies. The term urbanization economies refers to benefits that firms in a number of different industriesreceive from population and infrastructure clusters. A great example of this is a shopping mall.
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