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Human Geography Quiz
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Economic Patterns
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16 Terms
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1
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Hotelling
Who created the mode of spatial competition model?
2
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Losch
Who created the zone of profitability
3
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Hotelling’s theory
Locational interdependence is another term for___________
4
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Spinning wheels, water wheels
Energy sources in the industrial revolution
5
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coal
New energy source after industrial revolution
6
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Steam engine, water pumps, railroads
new inventions from industrial revolution
7
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James Watt
who created the steam engine?
8
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Matthew Boulton
Who improved the steam engine
9
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Transportation, Labor, + Agglomeration
What are the 3 categories of cost?
10
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Friction of distance
Time and cost increases with distance
11
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Weber’s Model
Companies gauge where production and agglomeration cost will be the least and where they can earn the most profit
12
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Variable costs
Energy supply, labor, transport, expenses
13
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Location theory
predicting where business with be located
14
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Zone of Profitability
Choosing where you can maximize profit
made my Losch
15
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Mode of spatial competition
putting your business near a competing business in order to limit their territory
Made by Hotelling
16
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Weber
Who created location theory?
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