Clustering economic activities in a certain location is often referred to as agglomeration.

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Agglomeration refers to the clustering of economic activities in a specific location, which can lead to increased productivity, innovation, and competitiveness. Agglomeration refers to the clustering of economic activities in a certain location, such as the concentration of technology companies in Silicon Valley or the concentration of finance and banking firms in Wall Street.

Clustering Economic Activities in a Certain Location Is Often Referred