Industries cluttering together to take advantage of all the services offered by the urban centres is known as ___________.
A
Agglomeration economies
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Urbanisation economies
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Globalisation economies
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Aggregation economies
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A Agglomeration economies Cities provide markets an easy access to services. Due to this reason some industries are located near cities. This in turn attracts many more industries to set shop in the vicinity, to take advantage of all the services offered by the urban centres. This is known as agglomeration economies.