The cluster effect is the effect of buyers and sellers of a particular good or service congregating in a certain place and hence inducing other buyers and sellers to relocate there as well.
Read more about Cluster Effect: The Silicon Valley Case, Generalization, Other Examples of The Cluster Effect, Sources and Further Reading
Famous quotes containing the words cluster and/or effect:
“the green hells of the sea
Where fallen skies and evil hues and eyeless creatures be;
On them the sea-valves cluster and the grey sea-forests curl,
Splashed with a splended sickness, the sickness of the pearl;”
—Gilbert Keith Chesterton (1874–1936)
“Art should exhilarate, and throw down the walls of circumstance on every side, awakening in the beholder the same sense of universal relation and power which the work evinced in the artist, and its highest effect is to make new artists.”
—Ralph Waldo Emerson (1803–1882)