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Concept information

... > social science subjects > economics > applied economics > economic geography > regional economic geography > agglomeration economies
... > social science subjects > geography > human geography > economic geography > regional economic geography > agglomeration economies
... > social science subjects > economics > economic concepts > political economy > economic geography > regional economic geography > agglomeration economies
... > social science subjects > politics and international relations > political science > political economy > economic geography > regional economic geography > agglomeration economies

Preferred term

agglomeration economies  

Definition

  • By clustering in close proximity to one another, firms can lower their production costs and raise profits. This process is enormously important to many forms of production and is titled agglomeration economies—that is, the benefits derived from grouping together. [Source: Encyclopedia of Geography; Agglomeration Economies]

Broader concept

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-X3J3LZ2C-B

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