In an industrial area, the location of industries is part...
In an industrial area, the location of industries is particularly influenced by
Extent of the division of labour
External economies
Internal economies
Nearness to financial institution
Correct answer is B
External economies of scale imply that as the size of an industry grows larger or more clustered, the average costs of doing business within the industry fall. This may occur due to increased specialization or training of workers, faster innovation or shared supplier relationships.
Following are the types of external economies of scale
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