according to central place theory, the threshold is defined as the

according to central place theory, the threshold is defined as the pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What is central place theory?

Central place theory is an urban geographical theory that seeks to explain the number, size and range of market services in a commercial system or human settlements in a residential system. It was introduced in 1933 to explain the spatial distribution of cities across the landscape.

Why is the threshold important in Christaller's study?

When demand drops, so too does the availability of the good. In addition, the threshold is an important concept in Christaller's study. This is the minimum number of people needed for a central place business or activity to remain active and prosperous. This led to Christaller's idea of low- and high-order goods.

What happens when a threshold is established?

Once a threshold has been established, the central place will seek to expand its market area until the range—i.e., the maximum distance consumers will travel to purchase goods and services—is reached.

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