Silicon Valley in California is the world center for the computer and semiconductor industry and has many of the world's major c

Question

2 years ago

12

Silicon Valley in California is the world center for the computer and semiconductor industry and has many of the world's major c

omputer and semiconductor companies located close to each other there. This provides the location-specific advantage of __________.

Business

1 answer:

andrew11 [14] · Answer 1 · 2023-08-03T15:23:07+03:00

Answer:

externalities

Explanation:

Based on the scenario being described within the question it can be said that this provides the location-specific advantage of externalities. This term refers to the consequences/benefits incurred from third party activities whether or not you are part of that industry or market. Which in this case having all the companies in a specific location allows them to benefit from one another without there being an intent to.