Question

Some immigrants have attained success through clusters of small businesses that primarily serve people of the same ethnicity and work to facilitate the success of co-ethnics. These clusters of businesses are referred to as:

Answer 1

Ethnic enclave economy.

Step-by-step explanation:

Ethnic enclave economy are the cluster of business started by immigrants who share same ethnicity. They have very limited resources, socially excluded and limited opportunity to grow. However, they have the passion of becoming entrepreneur, earning more income and improving socio economic status, which help them to grow by using some technical strategies, such as optimum utilization of resouces, spreading the business through transnational ties. The adaptiveness and flexiblity of the business have lead to emergence of Ethnic economies.