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Explain and describe the economic principals below: Principle of Median Location Importance of Self-Reinforcing Change Environment Multiplier Regional Equilibrium Central Place Theory Discuss the concept

Explain and describe the economic principals below:

Principle of Median Location


Importance of Self-Reinforcing Change


Environment Multiplier


Regional Equilibrium


Central Place Theory


Discuss the concept of cities as "entertainment machines."

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1 Principle of Median Location The Principle of Median Location is an economic principle that states that a firm or facility will choose a location that minimizes the average distance between itself a... blur-text-image

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