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Neeraja Babu Babu

Mar 7, 2015

What are agglomeration economies?

What is meant by agglomeration economies?

Answers(4)

Answer

Shruti dilip Patil

Many industries coming to together to make use of the benefits provided by the urban centerss is known as agglomeration economics 

Syeda

Answer.

Industrial locations are influenced by availability of raw material, labour, capital, power and market, etc.
Manufacturing activity tends to locate at the most appropriate place where all the factors of industrial location are either available or can be arranged at lower cost.
After an industrial activity starts it triggers urbanisation. Industrialisation and urbanisation go hand in hand.
Cities which provide markets and also provide services such as banking, insurance, transport, labour, consultants and financial advice, become urban centres called as agglomeration economies.  

Aruna kumari Sripada

Industrial locations are influenced by availability of raw material, labour, capital, power and market, etc.
Manufacturing activity tends to locate at the most appropriate place where all the factors of industrial location are either available or can be arranged at lower cost.

After an industrial activity starts it triggers urbanisation. Industrialisation and urbanisation go hand in hand.

Cities which provide markets and also provide services such as banking, insurance, transport, labour, consultants and financial advice, become urban centres called as agglomeration economies.  

Brad Haddin

urban areas provide many benefits like banking,labour,market,consultance etc.In order to get all these benefits many industries tend to come together known as agglomeration economy
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