REAL 1820 Lecture Notes - Lecture 4: Linamar, List Of Islands By Population
28 Dec 2017
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Document Summary
Personal job opportunities tend to be better in cities, usually high-growth cities. Professional real estate professions are usually based in and focused on cities. Understanding the reason of why we have cities and why cities grow, leads to better business decisions. Characteristics of a city: a dense collection of inhabitants of relatively large population, where few of the citizens make their living directly from agricultural activity, where the social and economic relationships are relatively complex and hierarchical. Within a city, economic activities are classified into two sectors: export (basic) sector serves more than the local population and brings revenues from outside into the city, service sector: serves the local population. Conclusion export sector is the primary force for city growth. Economic theory urban hierarchy, in which cities are classified into different orders. High-order cities have more export sectors than low-order cities. Toronto has many universities and colleges, a financial center, has pearson international.
