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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. [1] Unlike a product differentiation strategy, where firms make their products different in order to attract customers, an economics of location strategy is consistent with ...
An unexpected loss in data can result from fires, earthquakes, floods, or any sort of natural disaster. Data colocation technology began to take hold in the telecommunications industry. Colocation enables multiple customers to access network, server, and data storage space, connecting them to a variety of service providers. [4]
The term cloud data centers (CDCs) has been used. [11] Increasingly, the division of these terms has almost disappeared and they are being integrated into the term data center. [12] The global data center market saw steady growth in the 2010s, with a notable acceleration in the latter half of the decade.
In a colocation environment, the data center module is a data center within a data center, with its own steel walls and security protocol, and its own cooling and power infrastructure. "A number of colocation companies have praised the modular approach to data centers to better match customer demand with physical build outs, and allow customers ...
In economics, a location model or spatial model refers to any monopolistic competition model that demonstrates consumer preference for particular brands of goods and their locations. Examples of location models include Hotelling 's Location Model, Salop 's Circle Model, and hybrid variations.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Historical economic geography examines the history and development of spatial economic structure. Using historical data, it examines how centers of population and economic activity shift, what patterns of regional specialization and localization evolve over time and what factors explain these changes.
Individual economic consultants and researchers develop their own methodologies. All cluster analysis relies on evaluation of local and regional employment patterns, based on industrial categorizations such as NAICS or the increasingly obsolete SIC codes. Notable databases providing statistical data on clusters and industry agglomeration include: