Uncertainty, location and regional economic growth
Economic activity is unevenly distributed over space. Population, income and productive assets are largely concentrated in a few nations; within a nation, one or a few regions usually predominate; and a few cities and towns normally contain much of the productive assets and activity of a region. The immediate and most important task of location theory is therefore to provide reasons why activity is spatially concentrated. The causes adduced to explain the existence of areas of intense...[Show more]
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