Agglomeration economies refer to the cost advantages that arise from firms and services clustering in a particular geographic area, leading to increased productivity and innovation.
An in-depth exploration of agglomeration economies, their historical context, types, key events, mathematical models, importance, applicability, and examples. The article also includes related terms, comparisons, interesting facts, famous quotes, and frequently asked questions.
Agglomeration refers to the accumulation into a single entity of several diverse and unrelated activities. Conglomerate companies are prime examples of agglomeration.
