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Explain Weber's approach to determining cost-minimizing locations.We know that transportation system junction points have often grown into major production centers. Use Weber's theory of transport
- Explain Weber's approach to determining cost-minimizing locations.We know that transportation system junction points have often grown into major production centers. Use Weber's theory of transport cost minimization to explain this phenomenon.
- Explain under what circumstances a firm might forego a transport cost minimizing location for an alternative location. (Assume there are no agglomeration economies in either location.)In light of these observations discuss the role of transport costs and labor costs in the historic shift of the textile industry out of the northeast of the U.S. and first toward first the southeast of the U.S. and then to Asia.
- Discuss Porter's theory of industrial clusters.
typed page if you can or just general synopsis of two out these three questions
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