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

Agglomeration economies

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Urbanisation economies

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Globalisation economies

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Aggregation economies

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Solution

The correct option is A Agglomeration economies
Cities provide markets, and easy access to services like banking, insurance, transport, labour, consultants, financial services. Due to this reason some industries are located near cities. This inturn 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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