5
Lancashire.
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Vertical specialization.
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Low barriers to entry.
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Tens of thousands of establishments.
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Specialization by type of yarn or cloth.
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One firm may lease space in several mills
and one mill may contain several firms.
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“Flexible specialization.”
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Subsidiary industries.
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Textile machinery industry.
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Banking and finance.
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Transportation and communication.
An Industrial Landscape in 1833:
Swainson, Birley and Co., near
Preston, Lancashire, England.
External economies.
