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What is location theory in economics?

location theory, in economics and geography, theory concerned with the geographic location of economic activity; it has become an integral part of economic geography, regional science, and spatial economics. Location theory addresses the questions of what economic activities are located where and why.

What is economics of location?

The economics of location refers to the study of the factors that influence the location of economic activity and the spatial distribution of economic phenomena.

What is an economics of location strategy?

Unlike a product differentiation strategy, where firms make their products different in order to attract customers, an economics of location strategy is consistent with firms producing similar or identical products.

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