2.131 The Two Meanings of "Economies"

Test your own understanding: Which of these two definitions of "agglomeration economies" is correct?

  1. physical, close-proximity groupings of related businesses creating benefits (savings, cost reductions etc.) for each other.

  2. benefits (savings, cost reductions, etc.) resulting from the spatial clustering of activities and/or people.

Click here for the answer!

Past Week

Next Week

Return to: Class Outline | Class Calendar | Geography 207 | Econ & Bus Geog
2002 [econgeog@u.washington.edu]