Industrial cluster refers to a concentration of businesses, suppliers, and supporting firms in the same industry at a particular geographic location, characterized by a critical mass of human talent, capital, or other factor endowments.

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An industrial cluster is indeed a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field, characterized by the critical mass of resources such as human talent and capital, which fosters competition and cooperation among businesses.

Industrial Cluster Refers to a Concentration of Businesses, Suppliers, and Supporting