Which of the following represents a special case of external economies?
A) pre-conditions for take-off
B) ancillary industries
C) backwash effects
D) forward linkages
E) initial advantage

Question

Quizplus · Accepted Answer

Initial advantage refers to the situation where a region or industry benefits from external economies due to factors such as location or historical circumstances. It is a special case of external economies because it is specific to certain regions or industries and is not necessarily a result of the usual factors that lead to external economies.

Which of the Following Represents a Special Case of External