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industrial economics

industrial economics

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Published by prof_akvchary
PG students can utilise the material
PG students can utilise the material

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Categories:Types, Research
Published by: prof_akvchary on Jan 26, 2011
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06/23/2013

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Lesson 5: Theories of industrial location -IStructure:5.1 Introduction5.2 Weber¶s theory of Industrial location5.2.1 Regional factors5.2.2. Secondary causes.5.2.3 Influence of Transport Cost5.2.4 Influence of labor cost5.2.5 Critical Appraisal of Weber¶s theory5.3 Sargent Florence¶s Inductive Analysis5.3.1 co-efficient of Localization5.3.2 Location Factor 5.3.3 Critical Appraisal of Sargent Florence¶s theory5.4 August Losch¶s theory of industrial location5.5 Summary
 
O
bjectives:After studying this lesson, you will be able to understandMeaning of industrial locationFactors for industrial locationImportance of different Location theories
 
5.1 Introduction:Industrial location is a field of study that interests both economists and geographer,because the location of industries is of particular importance in studying the internalstructure of regions and in many cases, guides the pattern of spatial development.The theory of industrial location attempts to explain answers for three importantquestions. They are;Why the industries are located where they areWhy the locations are shifted,And what can be the best location for a particular industry keeping in view theresource endowments of different regions, transport network , existing demand,potential demand etc.,There are different versions developed by different economists on the theory of industrial location. Each one of them tries to find out the reasons for industriallocation in an economy. Among them, the first attempt in developing a theory of location was made by a German scholar, Von Thunen, in regard to agriculturallocation. Thunen, considered the problem of location for various forms of agriculturalproduction in relation to markets.

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