Factors of Location, Scale, and Organization. Economics Essay

Factors of Location, Scale, and Organization
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The location factors to consider in either country, regional, or local is very different. In-country location factors, issues such as; government regulation, taxation rate, competition level, and security is into consideration. The country factors operate on a more superior level than the regional; in the regional, accounting of climate, culture, and potentiality of growth determined. On the other hand, local location factors tackle the factors that may be caused by the few chosen individual in the community, as much as the level competition; it is with a minimal impact towards identifying a good location. In local factors, consideration of the language matters, unlike in the country account onto literacy level (Huang, & Cantwell 2017).
Any payment of rent is due to productivity outcomes. Gaining of assets from a hired place calls for rent payment. In both classical and neoclassical economics, land use and payment capacity fall on the same level. Both land use and rent payment capacity is as a result of production in place for non-produced inputs (land). Payment of rent is the cause of the use of the property to gain profit from it. One hires land to build houses, and the houses used for economic productivity hence calls for rent payment. For any individual to be able to pay out land rent, the productivity should be positive.
The Weberian locational theory explains the requirement of an industry location based on the transportation of raw material or finished product. The method indicates how it is vital to set an industry near minimal transportation cost of either the final product or raw material. The weight of the final product might be less than the raw material hence calls for industry placed near the raw material. The raw material might be less weighted than the final product....