Two meanings of “economies” need to be distinguished (as found e.g., in the difference between… 1 answer below »

Two meanings of "economies" need to be distinguished (as found e.g., in the difference between "local economies" and "localization economies") (1) the economies of regions (as aggregates of interrelated economic activities) "The economy of Seattle" (2) in the sense of economizing, savings, cost reductions etc, as used in: agglomeration economies, scale economies, localization economies. See also "Diseconomies".

 

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