Concept information
Preferred term
agglomeration economies
Definition(s)
- By clustering in close proximity to one another, firms can lower their production costs and raise profits. This process is enormously important to many forms of production and is titled agglomeration economies—that is, the benefits derived from grouping together. [Source: Encyclopedia of Geography; Agglomeration Economies]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-X3J3LZ2C-B
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