Traditional Culture Encyclopedia - Traditional stories - The difference between traditional economics and location theory
The difference between traditional economics and location theory
The difference between traditional economics and location theory lies in different research objects and different research purposes.
1. Different research objects: Traditional economics studies the whole economic system, including markets, enterprises and consumers, while location theory studies the development strategies of enterprises in different geographical locations.
2. Different research purposes: The purpose of traditional economics research is to explain and predict economic phenomena and provide theoretical support for policy making, while the purpose of location theory research is to guide enterprises to invest and expand in different geographical locations.
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