Specific examples of business clusters include the Hollywood film industry in Los Angeles, Silicon Valley in San Francisco and Wall Street banking in New York.
Agricultural Clusters e.g. wine regions
Capital cities i.e. centralization of government institutions
Cultural capitals & cultural quarters
Data center clusters
Fashion capitals & fashion districts
Financial capitals & financial districts
Gaming industry hubs
Luxury enclaves and posh shopping areas
Niche shopping streets
Economies of VarietySome business clusters are based on the economies of variety whereby similar shops locating in the same area offer customers greater selection such that shops locating outside this area may be at a significant disadvantage.
|Overview: Business Clusters|
|Definition (1)||An area with a high concentration of businesses from a single industry.|
|Definition (2)||A tendency for industries to centralize in one place.|