Location theory is a stream of economic thought that incorporates geographic location as one of the variables that determine the market balance. The objective of location theory is to study how space plays a key role in the decisions of producers and consumers. This is due to the fact that the supply of a merchandise … Read more
The definition of circular economy begins with the consideration of the current economic system, opposing what is known as taking, using and disposing of. Is a model that resembles cyclic behavior in nature and which aims to use resources through various Eco-friendly strategies. The so-called circular economy is shown as a paradigm shift where practices … Read more
Inside of economic science, understanding the concept of macroeconomics is essential, as well as useful, to analyze and project the economic developments proposed by the States. Also, to study and understand the entire economic policy of a nation. Macroeconomics is a theory that studies and explains different factors or variables that together explain a wide-ranging … Read more
Internal economies refer to a situation where, by actions of the business, they generate scale economics. Thus, with an increase in the volume of production, the cost of manufacturing an additional unit of merchandise decreases. That is, internal economies are a type of economies of scale that originate in a company as an effect of … Read more