Saturday, September 8, 2018

ECONOMICS OF AGGLOMERATION

Economics of agglomeration is the situation where many companies or firms are locate near one another to get benefits from each other in a city or industrial area.

EXAMPLE -          
DLF IT park is situated in Ramapuram, Chennai. TCS, CONGNIGENT, DELL, INFOSYS, Wipro, Accenture like nearly 22 companies working in a one tech park. Because their necessity is nearly same and help solve each other problems.

Another example is shopping mall which are situated near each others

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