GGR252H5 Lecture Notes - Lecture 2: Demand Curve, Soho, Empty Spaces
Document Summary
But sometimes supply comes first so it creates a market for people to start consuming. Where are the customers: numbers of customers. Social-economics factors influence population of the market: status. These characteristics vary from time (population change) and place: population and market is dynamic. Why are they found where they are: most fruitful question, residential processes. What types of commercial retailing: online, electronics. Where are those diff types of retailers. Why do we find diff types of retailing in diff locations: shopping malls. Why found there access to cars by the average household. Implication: the geo of demand shapes the geo of supply and also vice versa. Private sector supply demand pairs: no responsibility to have a certain number of stores, eg: best buy, locate retail chains to the market that is most fruitful to me, strategy of both sectors: Move from large number of small sectors small numbers of large sectors. Usually people with money can travel further.
