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Central place theory is an urban geographical theory that seeks to explain the number, size and range of market services in a commercial system or human settlements in a residential system. [1] It was introduced in 1933 to explain the spatial distribution of cities across the landscape. [ 2 ]
Walter Christaller (21 April 1893 – 9 March 1969) was a German geographer whose principal contribution to the discipline is central place theory, [1] first published in 1933. This groundbreaking theory was the foundation of the study of cities as systems of cities, rather than simple hierarchies or single entities.
The AP English Language and Composition exam is typically administered on a Tuesday morning in the second week of May. The exam consists of two sections: a one-hour multiple-choice section, and a two-hour fifteen-minute free-response section. [ 2 ]
The concept is equivalent to the "range" in central place theory and retailing, which delineates the market area of a central place for a particular good or service, and is dependent on the spatial distribution of population and the willingness of consumers to travel a given distance to purchase particular goods or services. [1]
Since central place theory was the guiding principle during the municipal reform 1962–1977, most municipalities were dominated by a larger urban area where the political seat was located. Most municipalities are named for their central locality, but there are several exceptions. There are many deviations from the central locality principle.
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The market square of Shrewsbury, an English market town The market square (Marktplatz) of Wittenberg, a market town in Germany. A market town is a settlement most common in Europe that obtained by custom or royal charter, in the Middle Ages, a market right, which allowed it to host a regular market; this distinguished it from a village or city.
Unfortunately, the market gets pushed higher and pulled lower. But what exactly is a bear market, and can you make money in one? If you own stocks, you'd probably like to see them go up all the ...