Business, 02.04.2021 01:00 fernandaElizondo
These scenarios only refer to transportation costs. They do not adequately account for variations over time. For example, when relative labor costs decline, or when land rent goes down, an industry can sustain an increase in transportation costs - this is referred to as the substitution principle. Discuss one other variable not mentioned by Weber that would affect the location of a factory.
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These scenarios only refer to transportation costs. They do not adequately account for variations ov...
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