PPD 227 Lecture Notes - Lecture 22: Circuit City Corporation, Excess Supply, Sales Tax
8 Sep 2016
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Taxes go towards city services rush as roads, water, and protection, which goes back into the consumer city so people can keep buying and selling. Everything else is redistribution -> just moving products around. And one more reprise : post-prop 13 incentives, on land use: Promote uses that generate added revenues: on tax revenue more generally. Seek aid from higher levels of government. Fundamentals of retail: markets, variation in demand across income levels, demographics, gender, ethnicity, lifestyle. Older people consume differently than younger people: market capacity and density, population characteristics. Ability to deliver goods at the right price: market supply and scale economies, hierarchies, from lower to higher order goods, groceries, shoes, sofas, cars, rapid change, consumer tastes and preferences, new products, new venues, experiences. Retail from the planning perspective: fulfilling basic needs, says a lot about the retail of the city, retail as development, changing land use or enhancing current land use, retail as redevelopment.
