Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> What are agglomeration economies?

• A. When more than one industry comes together in an urban centre
• B. When economies of two countries are pooled together
• C. When several economic schemes are in place
• D. When the economy is falling

Answer 1

The correct option is A When more than one industry comes together in an urban centre

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Sometimes more than one industry comes together to take advantage of urban centers, which are known as agglomeration economies. Gradually, these grow to large industrial agglomerations.