What is location factor under Sargent Florence theory of industrial location?

What is location factor under Sargent Florence theory of industrial location?

ADVERTISEMENTS: Sargant Florence has given his theory about industrial location, which has become popular. His main consideration is that occupational distribution of population should be the main and primary factor for taking into consideration the location of an industry.

Who proposed the theory of industrial location?

Alfred Weber
Alfred Weber formulated a theory of industrial location in which an industry is located where the transportation costs of raw materials and final product is a minimum. He singled out two special cases. In one the weight of the final product is less than the weight of the raw material going into making the product.

When did Alfred Weber gave his theory of location?

1909
Alfred Weber, a German regional economist propounded the theory of industrial location in 1909.

Who has not given any theory on industrial location?

2. Omission of important causes of location: Weber has included only transportation costs and labor costs among the causes of location, centralization or decentralization of industry. Other factors affecting location, such as climate, credit facilities, cost of capital etc., were not given any consideration.

What do you mean by industrial location?

the geographical site or sites selected by a firm to perform its economic function. the nature and characteristics of the industrial activity that the firm performs (raw material extraction or crop cultivation, the manufacture of intermediate or final products, the provision of a service), and. …

What is industrial productivity?

Industrial Productivity is measurement of the efficiency of production. Basically, it is the relationship between the amount of output and the amount of inputs used to make the product or goods.

What is the theory of least cost?

Least Cost Theory states that the location of a processing plant will in an area that ensures. the lowest cost of moving raw materials to the processing plant and moving the finished.

What are the three components of Weber’s theory of industrial location?

According to Weber, three main factors influence industrial location; transport costs, labor costs, and agglomeration economies. Location thus implies an optimal consideration of these factors.

What is the industrial location shown in nature?

Industrial locations are complex in nature. These are influenced by the availability of many factors. Some of them are: raw material, land, water, labor, capital, power, transport, and market. For ease of convenience, we can classify the location factors into two: geographical factors and non-geographical factors.

How did p.sargent Florence develop industrial localization theory?

According to Sargent, relation between industry and area was not as important as the relation of the industry to the distribution of occupied population as a whole. Florence Sargent developed two new statistical concepts relating to location of an industrial unit viz., (a) location factor, and (b) coefficient of localization.

How did Sargent develop his theory of location?

Professor Sargent has followed the inductive method in formulating his theory of location. Sargent’s theory is more practical and realistic than that given by Weber. After properly analyzing statistical data, Sargent tried to ascertain the tendency of location of industries.

Why is Sargant’s theory of industrial location important?

The theory is of considerable use for studying location dynamics in any country. These indices help in guiding the trends of industrial development in a country. Then another advantage is that coefficient of localisation helps in deciding the types of industries that may be dispersed under a scheme of regionalism.

Can a theory explain the location of an industry?

The theory is not in a position to explain the causes responsible for the choice of location of an industry. It can only help in finding out the existing state of industrial distribution in a country. It is said that the theory is only the investigation of status quo and nothing beyond that. 2.