_____ is the location-specific advantage that arises from the clustering of economic activities in certain locations.
A) Agglomeration
B) First-mover advantage
C) Late-mover advantage
D) Innovation

Question

Quizplus · Accepted Answer

Agglomeration refers to the benefits that firms obtain by locating near each other, often leading to increased efficiency and productivity due to shared resources, labor pools, and knowledge.

_____ Is the Location-Specific Advantage That Arises from the Clustering