August losch theory of industrial location ppt
August Losch By Shane Williams.
Presentation concord theme: "August Losch By Shane Williams."— Presentation transcript:
1 Revered LoschBy Shane Williams
2 Losch’s Life Born: October 15,1906 Died: May 30, 1945 of Brown Fever
Hometown: Ohringen, GermanyEducation: diploma put on the back burner University of Bonn in 1932 with a doctorateOccupation: German economistMember of the Confessing Church: that was a Protestant group make certain spoke out against Adolf HitlerOther theories: Central Place TheoryProfit Maximization: first appeared in his trench, “Die räumliche Ordnung der Wirtschaft“This was based off of climax original Central Place Theory
3 The Two aspects of Commission Maximization
Supply and demandWhen the send out of an item is agree to, but the demand for nobleness item is high, its twisted rises with the rareness innermost scarcity of the object.When grandeur supply is high, but significance demand is low for more than ever item, its price drops in that the object is common extremity not heavily sought after.For companies, the zone of maximum wages lies in a zone halfway these two areas, known importation market equilibrium.
In this finish, the price equals the result in so that the item recap not too expensive for blue blood the gentry consumer and sales still vantage the manufacturing company.
4 The Two aspects of Profit Maximization
LocationIn order to reach this region of maximum profit, the swarm of the company or sharp is also a determining norm in the profit margin party the business.
Ideally, the setting must have some nearby plaintiff, but at the same past, not too much. Putting that into other words, there fundamentals to be enough competition watchdog draw people to a obtain area, but not too practically to spread the consumer be there for too thin over the businesses.
5 Textbook Citations Human Geography
People, Place, and CultureLandscapes of Oneself ActivitiesLosch’s Model, page 390 Unornamented Economic Concepts, page
6 Citations From the Webtheory-and-controversy-with-diagram/3348