Home › MCQs › City and Regional Planning › Question #4944
Back to Questions
City and Regional Planning QUESTION #4944
Question 1
In urban economics, what does 'agglomeration economies' refer to?
  • Benefits from spatial concentration of activities✔️
  • Costs of urban congestion
  • Land value depreciation
  • Suburban sprawl
Correct Answer Explanation
Agglomeration economies are cost savings and productivity benefits that firms and individuals gain from clustering in dense urban areas through shared infrastructure, labor pools, and knowledge spillovers.