industrial clusters
Industrial clusters refer to geographic concentrations of interconnected companies and institutions within a specific industry or sector. These clusters typically consist of a group of firms that specialize in similar activities and collaborate closely with each other, benefiting from proximity, shared resources, knowledge spillovers, and a supportive infrastructure. The presence of industrial clusters fosters innovation, competitiveness, and economic growth by promoting collaboration, specialization, and the exchange of ideas and expertise among cluster participants.
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Related Concepts (1)
Similar Concepts
- clustering
- convergence of industries
- emergence of new industries
- industrial and manufacturing
- industrial and manufacturing infrastructure investments
- industrial architecture
- industrial cogeneration
- industrial infrastructure
- industrial processes
- industrial restructuring
- industrial symbiosis
- industrialization
- innovation ecosystems and clusters
- innovation hubs
- military industrial complex