agglomeration economies

• plural

  plural

  The grammatical form denoting more than one person, place, thing, or idea.

  of agglomeration economy.
  agglomeration economy

  noun

  an economy in which many interdependent businesses from different sectors are clustered together in a relatively small area, resulting in lower costs and higher efficiency for all participants.

Example Sentences

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agglomeration economies

Even when they do look at cities, economic theorists rarely move on from noting that large cities achieve agglomeration economies through the clustering of activities, labor pooling and knowledge spillovers.

From US News ● Feb. 26, 2016

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