UGBA 180 Lecture Notes - Lecture 3: Costume Jewelry

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 180
• Professor: Hoai-Luu Nguyen

Document Summary

In austin, there is a dispersion of blacks around the city (not as stark of a contrast) Technology has it made it inexpensive to transmit goods and information, but the costs of moving people is still very high: example: silicon valley. The tech sector has huge amounts of geographic concentration. They are more productive when they are located close to one another: there are industry job clusters around the country (ie: carpets/rugs, costume jewelry, channels. Intermediate input economies of scale: co-location allows similar firms to share intermediate inputs and share the costs of inputs at a lower cost. Lower modification costs (ie: lower training costs because of similar training of workers from similar backgrounds) In nyc, salesman find it easier to market apartments where there are more restaurants. Investing in downtown or suburban areas are important should pay attention to the demographic changes.