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What is aglomeration economy

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What is aglomeration economy

Posted by The Devil Prince 7 years, 1 month ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 7 years, 1 month ago

Cities provide markets and also provide services such as banking, insurance, transport, labour, consultants and financial advisors, etc., to the industries. Many industries tend to come together to make use of the advantages offered by the urban centres known as agglomeration economies. Gradually a large industrial agglomeration takes place. So, it is basically coordination of various industries in a city for the development of manufacturing industries.

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