JAMB - Economics (2019 - No. 68)
External economies arises essentially from__________
a firm's individual policies
localisation of industry
government economic policy
free transferability of shares
Spiegazione
External economies are the benefits a firm derives from concentration or localisation of industries in a particular area or the benefits a firm enjoys from increase in its output and decrease in cost as a result of the kind of assistance it derives from other firms.