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What is the correct meaning of agglomeration economies? -

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Question

What is the correct meaning of agglomeration economies?

Options

  • Many industries set up in rural centres

  • Industries are basically agro-based

  • Many industries tend to come together to make use of the advantages offered by the urban centres

  • Industries set up produce raw material for secondary sector

MCQ

Solution

Many industries tend to come together to make use of the advantages offered by the urban centres

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Contribution of Industry to National Economy
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