Answer:
Agglomeration economies.
Explanation:
Agglomeration economies, also known as external economies of scale, consist of the advantages of focusing output and residence in some specific areas. If some particular area produces certain kinds of goods, all firms can take advantage of many factors like networks for the supply of goods, workers, transport, and a proper infrastructure for the industry.
Answer:
For example, if someone is late and he is also apologizing for being late.
Explanation:
An actor-observer bias is a type of bias that explains how we interact with other people and make perceptions about them.
For example, if someone is late and he is also apologizing for being late, but you have assumed him to be a latecomer, and you might think he has no regard neither for you nor for your time.
People don't tend to succumb to this bias with their close friends and family members.
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