Geography · Secondary Activities
Which condition best defines the concept of 'agglomeration economies' in manufacturing?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Industries avoiding technological collaboration to protect trade secrets.
- 2Industries operating independently without any inter-sectoral linkages.
- 3Industries deriving mutual benefits and cost reductions by locating close to each other.✓
- 4Industries remaining geographically isolated to prevent resource competition.
Correct answer
Industries deriving mutual benefits and cost reductions by locating close to each other.
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