The cost savings and/or advantages that individual firms get when they are located in the same area as other firms of the same industry is known as a(n)________ economy.
A) remittance
B) external
C) ancillary
D) localization
E) deindustrialization

Question

Quizplus · Accepted Answer

The cost savings and advantages that firms get when they are located together in the same industry cluster is known as localization economies. This can include access to a skilled workforce, shared infrastructure, and knowledge spillovers.

The Cost Savings And/or Advantages That Individual Firms Get When