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)
“In government offices which are sensitive to the vehemence and passion of mass sentiment public men have no sure tenure. They are in effect perpetual office seekers, always on trial for their political lives, always required to court their restless constituents.”
—Walter Lippmann (1889–1974)