An area with relatively high population density that contains a set of closely related activities.Group of answer choicesagglomeration economiescitymigration modelinformal sector
Question
An area with relatively high population density that contains a set of closely related activities.Group of answer choicesagglomeration economiescitymigration modelinformal sector
Solution
The answer is "agglomeration economies". This term refers to the benefits that companies obtain by locating near each other ('agglomerating'). This is often the case because they can share talents, services, and facilities. A city is a high population density area, but it doesn't necessarily contain a set of closely related activities. A migration model is a theory explaining the movement of people from one place to another, and the informal sector refers to the part of an economy that is neither taxed nor monitored by any form of government.
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