Question

briefly explain various terms associated of success of industrial cluster​

Answer 1

Answer:

Hey. I am answering. What are the important characteristics of successful industrial clusters?

Explanation:

The following are the chief characteristics of a successful cluster.

geographical proximity of small and medium enterprises (SMEs)

sectoral specialisation.

close inter-firm collaboration.

inter-firm competition based on innovation.

a socio-cultural identity, which facilitates trust.

multi-skilled workforce.

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