The propensity for similar businesses to cluster in the same locality (e.g.IT companies in Silicon Valley,insurance companies in London)is evidence of the intensity of the competitive instincts that drive business owners.

Question

Quizplus · Accepted Answer

The clustering of similar businesses is often due to the benefits of agglomeration economies, such as shared resources, talent pools, and infrastructure, rather than purely competitive instincts.

The Propensity for Similar Businesses to Cluster in the Same