Discuss Kenya from an economic (urban) perspective. Using some terms: Agglomeration - The economic benefits that accrue from industries and firms that are clustered together or near each other over an extended metropolitan area that encompasses the built-up area of a central city plus some surrounding regions.   Economy of scale-  The efficiency gains and cost reductions that a firm obtains due to expansion. A producer’s average cost per unit falls as the scale of output is increased. At the micro level, economy of scale can be obtained by a single firm’s expansion, while there can be economy of scale efficiency gains as a result of the collective and mutually reinforcing or synergistic growth of a group or cluster of firms.   Global City - Saskia Sassen’s term for major cities that act as control centers for the global economy.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter1: Introducing The Economic Way Of Thinking
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Discuss Kenya from an economic (urban) perspective.

Using some terms:

Agglomeration - The economic benefits that accrue from industries and firms that are clustered together or near each other over an extended metropolitan area that encompasses the built-up area of a central city plus some surrounding regions.

 

Economy of scale-  The efficiency gains and cost reductions that a firm obtains due to expansion. A producer’s average cost per unit falls as the scale of output is increased. At the micro level, economy of scale can be obtained by a single firm’s expansion, while there can be economy of scale efficiency gains as a result of the collective and mutually reinforcing or synergistic growth of a group or cluster of firms.

 

Global City - Saskia Sassen’s term for major cities that act as control centers for the global economy.

 

Globalization - The growing integration of countries, firms, individuals, goods, and information across the world.

 

Urbanization-  the process by which a country becomes urbanized. Usually represented by the growing proportion of the total population living in urban areas (cities and towns), however such settlements are defined in a particular country. Measured by the share of a country’s population in urban areas, which has a theoretical range from zero to 100 percent but typically falls in between these extremes.

 

Uneven growth of the city- The unequal spatial development of cities, with older portions often sitting idle and left to decline while newer growth occurs in the outer rings of the city. An extension of Karl Marx’s ideas by David Harvey that is intended to show how urban growth inevitably produces inequalities and injustice.

 

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