Which of the following are benefits of "a cluster of firms?" Check ALL that apply. knowledge spillovers generalized suppliers reduced periods of unemployment collusion vertically integrated firms specialized suppliers protection of intellectual property

Which of the following are benefits of "a cluster of firms?" Check ALL that apply. knowledge spillovers generalized suppliers reduced periods of unemployment collusion vertically integrated firms specialized suppliers protection of intellectual property

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following are benefits of "a cluster of firms?" Check ALL that apply.

knowledge spillovers
generalized suppliers
reduced periods of unemployment
collusion
vertically integrated firms
specialized suppliers
protection of intellectual property

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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