Alfered Weber a German economist was the first economist who gave scientific exposition to the theory of location and thus filled a theoretical gap created by classical economists. He gave his ideas in his Theory of Location of Industries' which was first published in German language in 1909 and translated into English in 1929. His theory, which is also known [...]
Sargant Florence has given his theory about industrial location, which has become popular. He started with the idea that some of Weber's assumptions are not realistic. According to him geographical location of an industry is not as important, as the distribution of occupied population. His main consideration is that occupational distribution of population should be the main and primary factor [...]
The following points highlight the eight things to determine before finalizing the location of a firm. The determinants are: 1. Personal Preference and Historical Factors 2. Transport Costs 3. The Cost and Skills of the Labour Force 4. The Cost of Renting Land 5. The Nearness of Power Supplies 6. The Nearness of Water Supplies 7. Good Infrastructure 8. The [...]