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THE LOCATION OF INDUSTRY
[Note: this lecture note is based on a book by: John Glasson (1978) “Introduction to Regional Planning” and other sources as mentioned]
DDPN2223 Regional and Rural Development
Khairul Kamarudin (August 2013)
http://www.docstoc.com/docs/127899601/Factors-affecting-industrial-location
Want to maximise profit the most profitable location for a firm/industry will be where total revenue exceeds total cost by the greatest amount.
Figure shows profitable locations lie between points A and B and O is the optimum point/location.