Agglomeration Economies definition

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Agglomeration Economies

Agglomeration Economies logo #20865savings which arise from the concentration of industries in urban areas and their location close to linked activities. e.g. A car factory attracts component suppliers to locate close by, saving on transport costs. Other savings are made in labour and training costs, and the use of the services found in urban areas, e.g. housing, banking, roads, ele...
Found on http://geographyfieldwork.com/GeographyVocabularyGCSEIndustry.htm
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