Location economies arise when each production activity generates more value in a particular location than it could generate elsewhere.

Name: Location economies arise when each production activity generates more value in a particular location than it could generate elsewhere.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Location economies refer to the advantages gained when a production activity is located in a particular location because it generates more value there than it could in other locations. Therefore, the statement is true.

Location Economies Arise When Each Production Activity Generates More Value