Question

Write a short note on industrial clusters.

Answer 1

Instructions:

• Write about the meaning of industrial cluster.
• Explain its importance in the development of a region.

Solution:

• Industrial clusters refer to the industry groups that share some common marketplaces, technology, and expertise prerequisites.
• They are the regional concentrations of related industries.
• They consist of companies, suppliers and service providers, as well as government agencies and other institutions that provide information, research and technical support to each other and lead to economic development of the entire region.