Location Theories

Location Theories

 

(also Standort theories), bourgeois theories of the most advantageous location for enterprises. Location theories were developed to determine the location (German, Standort)for a given enterprise that would ensure the minimum production costs or maximum profits for the owner. The expression “location (Standort)of an industrial enterprise” and the basic ideas of location theories as they apply to industry originated with the German economist W. Launhardt in 1888. The German economist A. Weber gave a more fully developed exposition of the theories in 1909.