Well I can totally relate to Economies of Agglomeration to my real life. Back in my hometown there is a market named Unit -1 market where you can get all things at cheap price and under one roof. It is very convienient to me.
But the reason behind all markets located at one place is reduction of costs, helps in gathering informing and the flow of new ideas among all vendors.
Economics when applied to real life sounds beautiful. this blog is for those students who are discovering the different facets of economics applications and want to share their discoveries.
Saturday, September 8, 2018
Economies of Agglomeration
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