CLUSTERS

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Question English Answer English
What are Industrial districts (clusters)?
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Numerous group of similar firms and institutions connected by the same economic activity and located in the same geographic environment.
Types of agents in clusters
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1. Supplier firms 2. Firms in the same business 3. Distributing firms and customers 4. Institutions providing information and technical support 5. Firms in related industries providing products that complement the main one
Advantages of clusters
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1. Increase in productivity 2 Boost for innovation 3 New start-ups
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