Which of the following factors were taken into account in Weber's Least Cost Theory ? A. Raw material…
In Alfred Weber's Least Cost Theory of Industrial Location (1909), the primary locational triangle is determined by the spatial pull of Raw Material sources (A), the…
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Which of the following factors were taken into account in Weber's Least Cost Theory ?
A. Raw material
B. Capital
C. Transport cost
D. Market
Answer and explanation
Correct answer A
In Alfred Weber's Least Cost Theory of Industrial Location (1909), the primary locational triangle is determined by the spatial pull of Raw Material sources (A), the consumption Market (D), and Transport Cost (C) (along with labour and agglomeration economies), whereas financial capital (B) is treated as institutional/uniform.
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RPSC School Lecturer (School Education)