Hi Can anyone solve this theory question of Economics Give
Hi, Can anyone solve this theory question of Economics ?
Give some examples for forces of agglomeration and dispersion and how they jointly determine the equilibrium market share of a region 1.Solution
Agglomeration in economics is the benefits that will help in a economy when the firms are located near to people in cities. But it will also leads to heavy competition between the firms which are nearer to each other. Due to these there will be no change in economic growths in that cities and will be constant due to competition between them.
Dispersion is change in the market forces from place to place depending on the external factors depending on market requirements. So there will be change from place to place thus there may be increase or decrease in dispersion depending on those factors
