Location of industry and localization of industry, Microeconomics

Location of industry and localization of industry:

Location of industry tries to answer the key economic question "where to produce". It involves deciding on the area that an industry should be sited. Localization of industry, on the other hand, involves the concentration or centralization of firms in a particular industry within a limited area. It is the tendency for all firms in an industry to crowd or locate in a particular area, meaning the firms choose sites very close to one another. When firms of an industry do this there are certain benefits the industry as well as the community gains and there may be some problems too.

Posted Date: 1/2/2013 7:34:59 AM | Location : United States

Related Discussions:- Location of industry and localization of industry, Assignment Help, Ask Question on Location of industry and localization of industry, Get Answer, Expert's Help, Location of industry and localization of industry Discussions

Write discussion on Location of industry and localization of industry
Your posts are moderated
Related Questions
a more simple explanation of the group equilibrium in the short and long run

#quesSuppose that two anti-marijuana proposals are currently being debated in Congress. Proposal I will reduce the supply of marijuana and cause its price to rise by 7%. Proposal I

Suppose scientists discover that eating soybeans prevents cancer and heart disease. What effect would you predict on the price of soybeans?

The question states that a hotel charges $60 a night for a room per night during off peak. This hotel has a fixed cost of $75 per night and variable costs of $40 per night (only ap

The Market Mechanism  Features of the equilibrium or market clearing price: – QD = QS  – No shortage or scarcity  – No extra supply price.  – No pressure on th

What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?

what are the types of microeconomic analysis?

crumble corporation produce biscuits. here the relation between the number of workers and output

The Law for Diminishing Marginal Returns - As use of an input increases in equal increments, a point will be approched at which the resulting additions to output decreases

if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line