This is a theory wherein cities or areas tend to produce items or support activities where they have the greatest advantage over other areas. It is defined by their factors of production and demand as well as the quality of life considerations in relation to human, physical resources, financial, and opportunity costs.
Comparative Advantage
This is a theory wherein cities or areas tend to produce items or support activities where they have the greatest advantage over other areas. It is defined by their factors of production and demand as well as the quality of life considerations in relation to human, physical resources, financial, and opportunity costs.
