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Real Estate Glossary

Central Place Theory

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Written by Luis Escobar

This geographical theory accounts for the size, organization of settlements, distribution, establishments, and market areas in a competitive and interdependent residential system. It illustrates the differences in locational tendencies and preferences of businesses as they maximize market sales, profits, and accessibility.

This geographical theory accounts for the size, organization of settlements, distribution, establishments, and market areas in a competitive and interdependent residential system. It illustrates the differences in locational tendencies and preferences of businesses as they maximize market sales, profits, and accessibility.

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Luis Escobar

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