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)
“Airplanes are invariably scheduled to depart at such times as 7:54, 9:21 or 11:37. This extreme specificity has the effect on the novice of instilling in him the twin beliefs that he will be arriving at 10:08, 1:43 or 4:22, and that he should get to the airport on time. These beliefs are not only erroneous but actually unhealthy.”
—Fran Lebowitz (b. 1950)