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Clusters of businesses or industries often form in specific geographic areas due to factors like shared resources, skilled labor availability, and access to suppliers and customers. This concentration can lead to increased collaboration, innovation, and efficiency, as businesses benefit from proximity to one another. Additionally, clusters can create a vibrant ecosystem that attracts talent and investment, further reinforcing their presence. This phenomenon is commonly seen in technology hubs, manufacturing regions, and creative industries.

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1mo ago

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