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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 ...
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. Firms thus choose locations that maximize ...
Economic geography takes a variety of approaches to many different topics, including the location of industries, economies of agglomeration (also known as "linkages"), transportation, international trade, development, real estate, gentrification, ethnic economies, gendered economies, core-periphery theory, the economics of urban form, the ...
In this portion of the video, they discuss why drive-thru locations are important for Starbucks. Alstead says that 60% of new locations opened in the U.S. will have drive-thrus.
Site selection was formalized in the 1940s and 1950s through a number of important U.S. government projects. Determining the correct location for projects important to national security, including Los Alamos National Laboratory, the Hanford Site, and the United States Air Force Academy, required a thorough evaluation process.
The application of central place theory must be tempered by an awareness of such factors when planning shopping center space location. Purchasing power and density affect the spacing of centers and hierarchical arrangements. Sufficient densities will allow, for example, a grocery store, a lower order function, to survive in an isolated location.
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Long-term investors know that while it's important to stay on top of trends, it's even more important to stay focused on what the market's going to look like five, 10, and 20 years down the line ...