Agglomeration economies, which result from the concentration of industries, arise due to these linkages. Horizontal linkages can lead to benefits like shared labor pools, specialized services, and knowledge spillovers. Vertical linkages facilitate efficient supply chains and just-in-time delivery.
Geographical concentration of industries generates
Asked in WBPSC CS Prelims 2015 · Topic: Industrial Sector (Industrial Competitiveness, Productivity, and Global Value Chains)
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