How to calculate the market potential?

Asked on 06.12.2018 in All Questions.
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(Top Tutor) Studyfaq Tutor
With relation to markets, they have become progressively important as a location condition. For example, according to ‘The Dynamics of Industrial Location’ throughout 1950-1960, maps of market (economic) potential for the US, Europe, and the UK regularly overlapped with maps mapping centers of industrial concentration. ‘Market potential shows the relative demand in places within a given market area, e.g., the US, based on the distribution of people (or regional income in the case of economic...
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