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In Weber's least-cost theory of industrial location, the major factor in the location of industry is ___

Multiple Choice
a. transportation costs.
b. import and export tariffs.
c. government subsidies
d. labor costs.

1 Answer

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Final answer:

The major factor in the location of industry in Weber's least-cost theory is transportation costs.

Step-by-step explanation:

In Weber's least-cost theory of industrial location, the major factor in the location of industry is transportation costs.

In this theory, the best place for a factory is determined by the cost of transporting materials and finished goods. The location that minimizes transportation costs is considered the least cost location for a factory.

Other factors, such as labor costs and government subsidies, are also important considerations for industry location, but transportation costs are the major factor in Weber's least-cost theory.

In Weber's least-cost theory of industrial location, the major factor in the location of industry is transportation costs. This theory suggests that minimizing transportation costs is pivotal when deciding where to locate an industrial facility. The best place for a factory, according to the model, is closer to the input or output with the highest transport costs. While there are other considerations such as labor costs, taxation, government competence, and infrastructure, Weber's model initially focuses primarily on transportation.

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