What is another word for economies of agglomeration?
Pronunciation: [ɪkˈɒnəmɪz ɒv ɐɡlˌɒməɹˈe͡ɪʃən] (IPA) 
Economies of agglomeration refer to the benefits that arise when firms and industries cluster together in a geographic area. The concept is often used in urban planning, economic development, and business strategy. Synonyms for economics of agglomeration include the agglomeration effect, cluster economies, localization economies, urban economies, and spatial economies. These terms refer to the same basic idea; that firms can benefit from close proximity to one another. By sharing resources, pooling knowledge, and collaborating, firms can become more productive and efficient. Understanding the economics of agglomeration is crucial for policymakers and business leaders alike, as it can help to drive economic growth and create new opportunities for innovation.
