These are the cost-cutting allowances recognized by industries within a particular location, often a city, that is predominantly due to the advantages of sharing inputs, infrastructure, and information possibly linked to a city’s comparative advantage to support a particular activity.
External Economies
These are the cost-cutting allowances recognized by industries within a particular location, often a city, that is predominantly due to the advantages of sharing inputs, infrastructure, and information possibly linked to a city’s comparative advantage to support a particular activity.
