The Cluster Theory,developed by Michael Porter,argues That Geographic Areas Benefit

question 23

Short Answer

The Cluster Theory,developed by Michael Porter,argues that geographic areas benefit from having a high concentration of companies in a particular industry.The area of Sassuolo,in Italy,has a high concentration of ____________________ companies.

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Definitions:

Binding

A situation where a restriction, such as a price ceiling or floor, actually affects the market outcome because it is set above or below the equilibrium price.

Rent Control

Government policy or laws that set limits on the amount of rent a landlord can charge tenants, often aimed at making housing affordable.

Urban Areas

Areas characterized by higher population density and vast human features in comparison to areas surrounding them.

Vacancy Rate

A measure used in real estate to indicate the percentage of all available units in a rental property, such as apartments or offices, that are vacant or unoccupied at a particular time.