Economies of density are the economic benefits that arise from a high concentration of population and businesses in a specific area. This concept is based on the idea that the more people living and working in an area, the more resources and opportunities will be available, thus making it an attractive place to live and do business. Economies of density can also refer to the increased productivity that arises from having a large number of people and businesses concentrated in one area. By reducing the cost of transportation and communication, this concentration of people and businesses can lead to increased efficiency and productivity. Economies of density can also increase the amount of employment opportunities available in the area, which can help stimulate economic growth. Overall, economies of density can create a positive economic impact on an area, making it an attractive place to live and do business.
April 8, 2023
How do economies of density work?
