_____ refers to the clustering of economic activities in certain locations.

Question

Quizplus · Accepted Answer

Agglomeration refers to the clustering of economic activities in certain locations. This can be due to factors such as access to resources, a skilled labor force, infrastructure, and knowledge spillovers. Agglomeration can lead to economies of scale, knowledge sharing, and increased competition, but can also lead to congestion and high costs of living.

_____ Refers to the Clustering of Economic Activities in Certain