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Liberty Powell
25 May, 00:24
3 ideas how economic changes impact societies
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Darryl Beasley
25 May, 03:47
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Weber said that four forces affect both cost of distance and spatial development patterns: (1) Changes in information and communication technology that facilitate speedy and inexpensive transfer of ideas across space; (2) innovations in production technology and productivity-enhancing investments that are embedded in the innovations and concentrate production spatially; (3) transportation investments that speed transfer of people and products and movement of innovation across space; and (4) agglomeration economics that favor concentration of people and production across urban space.
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