Discussion
Alfred Weber identified three factors that determine the location of industries : Transportation, Labour Costs and ...............
Answer: B
Weber's third factor is agglomeration.
In his theory of industrial location (1909), Alfred Weber held that an industry seeks the least-cost location, determined by three factors: transport costs, the main one, then labour costs, which may pull an industry away from the least-transport-cost point, and agglomeration economies, the savings firms gain by locating together and sharing services, labour and infrastructure.
'Least cost' is the goal of the whole theory, not one of the three factors. The location of competitors is central to Hotelling's theory of locational interdependence, and maximum revenue location to the market-area approach of August Losch, not to Weber's least-cost theory.
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