Cities such as New York are able to host a variety of complex industries because of the development of specialized resources that support their growth.When specialized resources emerge in response to demand from multiple industries,this is referred to as:
A)industry economies of scale
B)agglomeration economies
C)location quotient
D)linkages

Question

Quizplus · Accepted Answer

Agglomeration economies refer to the benefits that arise from the concentration of industries in a particular location. These benefits can include access to a skilled workforce, specialized suppliers and other resources, as well as technological spillovers and knowledge sharing. This concentration can create a virtuous cycle of growth and innovation, leading to the emergence of specialized resources that support the growth of multiple industries.

Cities Such as New York Are Able to Host a Variety