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In economics, the economics of location is the study of strategies used by firms and retails in a monopolistically competitive environment in determining where to locate. . Unlike a product differentiation strategy, where firms make their products different in order to attract customers, an economics of location strategy is consistent with firms producing similar or identical produ
Location theory. Location theory has become an integral part of economic geography, regional science, and spatial economics. Location theory addresses questions of what economic activities are located where and why. Location theory or microeconomic theory generally assumes that agents act in their own self-interest.
Tourism geography is that branch of human geography that deals with the study of travel and its impact on places. Geography is fundamental to the study of tourism, because tourism is geographical in nature. Tourism occurs in places, it involves movement and activities between places and it is an activity in which both place characteristics and ...
The economic geography of the United Kingdom reflects its high position in the current economic league tables, as well as reflecting its long history as a trading nation and as an imperial power. This in turn was built on exploitation of natural resources such as coal and iron ore. Much has changed since Bevan's speech (below) in 1945, with the ...
e. Urban economics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime, education, public transit, housing, and local government finance. More specifically, it is a branch of microeconomics that studies the urban spatial structure and the location of households ...
A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and globally. Accounting is a part of the business cluster. [1][2] In urban studies, the term agglomeration ...
Marketing mix. The marketing mix is the set of controllable elements or variables that a company uses to influence and meet the needs of its target customers in the most effective and efficient way possible. These variables are often grouped into four key components, often referred to as the "Four Ps of Marketing."
How climate change can affect fall foliage According to Climate Central, trees “use cues from the environment” to start preparing for winter. These include shorter days, cooler temperatures ...