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Economists Have Noted That Businesses of a Certain Type Tend

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Essay

Economists have noted that businesses of a certain type tend to congregate geographically, attracting workers with skills in those fields.This, in turn, lures more firms seeking employees with those skills.Some examples include commercial banking, software development, and the automobile industry.What mechanism is at work here? Briefly explain how the mechanism works to the advantage of employers and employees.


Definitions:

Database Backup

The process of creating a copy of database contents that can be restored in case of data loss or corruption.

Primary Key

A unique identifier for each record in a database table, ensuring that each entry is distinct from all others.

Student ID Number

A unique identifier assigned to a student for purposes of identification and record-keeping within an educational institution.

Full Name

The complete set of a person's given name(s) and family name(s), used for identification and formal documentation.

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