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Acronyms that contain the term location theory
What does location theory mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: location theory.
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What does location theory mean?
- Location theory
- Location theory has become an integral part of economic geography, regional science, and spatial economics. Location theory addresses questions of what economic activities are located where and why. Location theory or microeconomic theory generally assumes that agents act in their own self-interest. Firms thus choose locations that maximize their profits and individuals choose locations that maximize their utility.
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