______________ production systems seem to exhibit a newfound tendency for firms to agglomerate in particular clusters.

Question

Quizplus · Accepted Answer

Flexible production systems are characterized by firms' tendency to cluster in specific areas to gain competitive advantages through shared resources, knowledge spillovers, and specialized labor markets. This is less characteristic of Fordist or nationalized production systems, which are more about mass production and state ownership/control respectively.

______________ Production Systems Seem to Exhibit a Newfound Tendency for Firms