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Location of Industries

Industries cl...

Question

Industries cluttering together to take advantage of all the services offered by the urban centres is known as ___________.

A

Agglomeration economies

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B

Urbanisation economies

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C

Globalisation economies

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D

Aggregation economies

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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.

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