Question

Cities such as New York are able to host a variety of complex industries because of the development of specialized resources that support their growth. When specialized resources emerge in response to demand from multiple industries, this is referred to as a. industry economies of scale. b. economic inefficiencies. c. agglomeration economies. d. locational monopoly.

Answer 1

Answer: (C) Agglomeration economies

Explanation:

The agglomeration economics is the type of external economics that basically refers to all the benefits from the housing and the concentrating output. The agglomeration economics, emerge all the demand specialize resources from the particular multiple organization or industries.

It is one of the goo supply networking channel. All the organization are get benefits from the various types of factor like efficient supply networking and when we supply the efficient products.