What term refers to the location of competing companies near eachâ other?

Clustering

Explanation:

Clustering in business sense is concentration of similar type of companies, suppliers and companies associated with them in a particular geographical location. Geographical proximity tends to collectively improve the productivity of all the companies. The reason behind this is that it increases competitiveness, quickens the supply of goods and services necessary for carrying out business activities.

One of the examples of this could be Silicon Valley in California which is hub of technology-oriented companies.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.