Compose a 2500 words assignment on the emergence of industry clusters theory & evidence. Needs to be plagiarism free!

Compose a 2500 words assignment on the emergence of industry clusters theory & evidence. Needs to be plagiarism free! On the other hand, the term ‘industry cluster’ is referred to as the geographic absorption of interconnected businesses, suppliers and associated organisations in a particular field (Cilibrasi &amp. Vitanyi, 2005). The industry clusters are primarily considered so as to enhance the productivity and the profitability of the organisations which would augment the corporate image and the customer loyalty among other competitors in the markets. It would be beneficial for an enterprise to cope up with the competitive challenges of the varied situations and conditions. Therefore, it is also known as competitive cluster or Porterian cluster (Sandiego Association of Governments, n.d.). In addition, an industry cluster also enhances the probability of skilled workers at a quite lower rate as compared to other market scenarios, infrastructure facilities, and distribution facilities among others. Apart from this, an industrial cluster also reduces the business and the financial risks as well as offers flexibility in the management decision processes of the enterprises thereby improving the profit margins of the organisations.