Business markets tend to concentrate in certain locations in the United States as a result of suppliers wanting to be located close to one another.

Question

Quizplus · Accepted Answer

This is a common phenomenon known as agglomeration, where suppliers and related businesses cluster together in certain geographic locations to benefit from shared resources, labor availability, and other factors. This can be seen in many industries such as technology in Silicon Valley, finance in New York City, and automobile manufacturing in Detroit.

Business Markets Tend to Concentrate in Certain Locations in the United