Least cost approach in Industrial location is associated with :

(A) Christaller
(B) Weber
(C) Smith
(D) Hartshorne

Correct Answer : Weber
Question Asked : OPSC OCS Pre. Exam 2018
Explanation : Least cost Theory of Industrial location was formulated by Alfred Weber. The theory tries to explain and predict the locational pattern of the industry at a macro scale. It emphasises that firms seek a site of minimum transport and labor cost.
Useful for Exams : UPSC, State PSC, IBPS, SSC, Railway, NDA, Police Exams
Like The Facebook Page CurrentGK for Current Affairs, Latest GK & Employment News
Web Title : least cost approach in industrial location is associated with
Tags : Indian Economy
Always Ask Questions

Leave a Reply

Your email address will not be published. Required fields are marked *