State and briefly explain internal and external economies


State and briefly explain internal and external economies of scale. Also, distinguish between two types of agglomeration economies (urbanization and localization) by giving examples of such from your general knowledge of the subject. - Justify the proposition “Cities are the engines of growth.” -What are the differences between pecuniary and technological agglomeration economies? Provide a real world example of each.

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Business Economics: State and briefly explain internal and external economies
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