Q1. Consider the following statements: 1. A Marshallian Industrial District is a geographic concentration of small and medium enterprises in the same or related industries. 2. Such districts share a localised labour market, specialised suppliers and knowledge spillovers. 3. Prato for textiles and Sassuolo for ceramics are examples of Italian industrial districts. Which of the statements given above are correct?
Explanation
All three statements are correct. The corpus defines a Marshallian Industrial District as a geographic concentration of small and medium firms, explains its shared labour-supplier-knowledge advantages, and gives Prato and Sassuolo as classic Italian examples.
