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Explanation:
Industry clusters are groups of similar and related firms in a defined geographic area that share common markets, technologies, worker skill needs, and which are often linked by buyer-seller relationships..
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Your answer:
★ Industrial clusters are groups of firms in a defined Geographic area that share common markets, Technologies and skill requirements
Charcteristics of successful Industrial Cluster:
★ Geographical proximity of small and medium enterprises.
★ Sectoral - Specialisation.
★ Close inter-firm collaboration.
★ Inter - firm competition based on innovation.
★ A socio cultural identity, which facilitates trust.
★ Multi-skilled workforce
★ Active self - help organisations,
★ Supportive regiomal and municipal governments.