Question:medium

_________ refers to the benefits when industries/firms cluster together resulting in reduced production cost, improved availability of skilled labor, and increased flow of information and knowledge sharing.

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Agglomeration economies play a critical role in urban development and industrial growth, as they help firms reduce costs and increase competitiveness by being in proximity to one another.
Updated On: Nov 25, 2025
  • Industrial ecology
  • Agglomeration of economies
  • Behavioural economics
  • Industrial engineering


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