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    Economies of agglomeration - Wikipedia

    One of the major subfields of urban economics, economies of agglomeration (or agglomeration effects), explains, in broad terms, how urban agglomeration occurs in locations where cost savings can naturally arise. This term is most often discussed in terms of economic firm productivity. However, agglomeration … See more

    When firms form clusters of economic activity, particular development strategies flow into and throughout this area of economic activity. This helps accumulate information and the flow of new and innovative ideas … See more

    While the existence of cities can only persist if the advantages outweigh the disadvantages, agglomeration would also lead to traffic … See more

    While localization and urbanization economies and their sources are crucial to sustaining agglomeration economies and cities, it is important … See more

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    Two types of economies are considered large-scale and have external economies of scale: localization and urbanization economies See more

    From the localization of firms emerges labor market pooling. Large populations of skilled laborers enter the area and can exchange knowledge, ideas, and information. The … See more

    • Brueckner, Jan. "Lectures in Urban Economics." 2011. The MIT Press
    • O'Flaherty, Brendan. City Economics. Cambridge, … See more

     
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