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Theory Of Rent
The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. Bid Rent Theory was developed by William Alonso in 1964, it was extended from the Von-thunen Model (1826), who analyzed agricultural land use. The first theoretician of the bid rent effect was David Ricardo. It states that different land users will compete with one another for land close to the city centre. This is based upon the idea that retail establishments wish to maximize their profitability, so they are much more willing to pay more for land close to the CBD and less for land further away from this area. This theory is based upon the reasoning that the more accessible an area (i.e., the greater the concentration of customers), the more profitable. Explanation Land users all compete for the most accessible land within the CBD. The amount they are willing to pay is called "bid rent". The resu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bid Rent1
Bid or BID may refer to: Offer * Bidding, making a price offer in an auction, stock exchange, or card games * Bid, in a financial market, the price a market maker will buy a commodity at to buy a product in such a way; see bid–ask spread * Bid manager, an executive sales role within an organization, responsible for managing bids * Bid price, a price offered for a good by a potential buyer or a price offered by a potential vendor to perform a specific job * Bid, a formal invitation to join a fraternity or sorority Places * Bid, Razavi Khorasan, a village in Razavi Khorasan Province, Iran * Bid, South Khorasan, a village in South Khorasan Province, Iran * Beed, a town in Maharashtra, India is sometimes referred to as Bid * Block Island State Airport, by IATA Code * Beth Israel Deaconess Medical Center, a hospital in Boston, USA Science, medicine and technology * BH3 interacting domain death agonist, a pro-apoptotic protein * Binary integer decimal * Brought in dead, a pati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Alonso
William Alonso (January 29, 1933 – February 11, 1999) was an Argentine- American planner and economist. He was born in Buenos Aires but moved to the United States in 1946 during the Perón regime with his father Amado Alonso, a leading Spanish philologist, who was then appointed at Harvard. He earned a bachelor's degree in architectural science from Harvard in 1954 and a master's degree in city planning from Harvard University's Graduate School of Public Administration in 1956. In 1960 he received a doctorate in regional science from the University of Pennsylvania. From 1960 to 1961 Alonso worked as director and professor in the Department of Regional and Urban Planning at the Bandung Institute of Technology in Indonesia. He then served as a visiting professor at the Universidad Central de Venezuela in 1962 before coming to Harvard as the acting director of the Center of Urban Studies from 1963 to 1965. Alonso also worked at Yale University, the University of California at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apartment
An apartment (American English, Canadian English), flat (British English, Indian English, South African English), tenement (Scots English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on a single story. There are many names for these overall buildings (see below). The housing tenure of apartments also varies considerably, from large-scale public housing, to owner occupancy within what is legally a Condominium (living space), condominium (strata title or commonhold) or leasehold, to tenants renting from a private landlord. Terminology The term ''apartment'' is favoured in North America (although in some Canadian cities, ''flat'' is used for a unit which is part of a house containing two or three units, typically one to a floor). In the UK and Australia, the term ''apartment'' is more usual in professional real estate and architectural circles where otherwise the term ''flat'' is u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terraced House
A terrace, terraced house ( UK), or townhouse ( US) is a type of medium-density housing which first started in 16th century Europe with a row of joined houses sharing side walls. In the United States and Canada these are sometimes known as row houses or row homes. Terrace housing can be found worldwide, though it is quite common in Europe and Latin America, and many examples can be found in the United Kingdom, Belgium, United States, Canada, and Australia. The Place des Vosges in Paris (1605–1612) is one of the early examples of the type. Although in early larger forms it was and still is used for housing the wealthy, as cities and the demands for ever smaller close housing grew, it regularly became associated with the working class. Terraced housing has increasingly become associated with gentrification in certain inner-city areas, drawing the attention of city planning. Origins and nomenclature Though earlier Gothic examples, such as Vicars' Close, Wells, are know ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Factory
A factory, manufacturing plant or production plant is an industrial facility, often a complex consisting of several buildings filled with machinery, where workers manufacture items or operate machines which process each item into another. They are a critical part of modern economic production, with the majority of the world's goods being created or processed within factories. Factories arose with the introduction of machinery during the Industrial Revolution, when the capital and space requirements became too great for cottage industry or workshops. Early factories that contained small amounts of machinery, such as one or two spinning mules, and fewer than a dozen workers have been called "glorified workshops". Most modern factories have large warehouses or warehouse-like facilities that contain heavy equipment used for assembly line production. Large factories tend to be located with access to multiple modes of transportation, some having rail, highway and water load ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Sector
In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction. This sector generally takes the output of the primary sector (i.e. raw materials like metals, wood) and creates finished goods suitable for sale to domestic businesses or consumers and for export (via distribution through the tertiary sector). Many of these industries consume large quantities of energy, require factories and use machinery; they are often classified as light or heavy based on such quantities. This also produces waste materials and waste heat that may cause environmental problems or pollution (see negative externalities). Examples include textile production, car manufacturing, and handicraft. Manufacturing is an important activity in promoting economic growth and development. Nations that export manufac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renting
Renting, also known as hiring or letting, is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord. There are many different types of leases. The type and terms of a lease are decided by the landlord and agreed upon by the renting tenant. History Various types of rent are referenced in Roman law: rent (''canon'') under the long leasehold tenure of Emphyteusis; rent (''reditus'') of a farm; ground-rent (''solarium''); rent of state lands (''vectigal''); and the annual rent (''prensio'') payable for the ''jus superficiarum'' or right to the perpetual enjoyment of anything built on the surface of land. Reasons for renting There are many possible reasons for renting instead of buying, for example: *In many jurisdictions (including India, Spain, Australia, Unit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chain Stores
A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate many retail markets, dining markets, and service categories in many parts of the world. A franchise retail establishment is one form of a chain store. In 2005, the world's largest retail chain, Walmart, became the world's largest corporation based on gross sales. History In 1792, Henry Walton Smith and his wife Anna established W.H. Smith as a news vending business in London that would become a national concern in the mid-19th century under the management of their grandson William Henry Smith. The world's oldest national retail chain, the firm took advantage of the railway boom during the Industrial Revolution by opening news-stands at railway stations beginning in 1848. The firm, now called WHSmith, had more than 1,400 locations as of 2017. In the U.S., chain stores likely began with J. Stiner & Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Stores
A department store is a retail establishment offering a wide range of consumer goods in different areas of the store under one roof, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic appearance in the middle of the 19th century, and permanently reshaped shopping habits, and the definition of service and luxury. Similar developments were under way in London (with Whiteleys), in Paris () and in New York City ( Stewart's). Today, departments often include the following: clothing, cosmetics, do it yourself, furniture, gardening, hardware, home appliances, houseware, paint, sporting goods, toiletries, and toys. Additionally, other lines of products such as food, books, jewellery, electronics, stationery, photographic equipment, baby products, and products for pets are sometimes included. Customers generally check out near the front of the store in discount department stores, while high-end traditional departm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commerce
Commerce is the organized Complex system, system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered large-scale exchange (distribution through Financial transaction, transactional processes) of goods and services, goods, services, and other things of value at the right time, place, quantity, Quality (business), quality and price through various Distribution (marketing)#Channels and intermediaries, channels among the original Economic production, producers and the final consumers within local, regional, national or international economies. The diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage are the principal factors that give rise to commercial exchanges. Commerce consists of trade and aids to trade (i.e. auxiliary commercial services) taking place along the entire supply chain. Trade is the exchange of goods (includi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Residential Area
A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas. Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residential, or mobile homes. Zoning for residential use may permit some services or work opportunities or may totally exclude business and industry. It may permit high density land use or only permit low density uses. Residential zoning usually includes a smaller FAR ( floor area ratio) than business, commercial or industrial/manufacturing zoning. The area may be large or small. Overview In certain residential areas, especially rural, large tracts of land may have no services whatever, such that residents seeking services must use a motor vehicle or other transportation, so the need for transportation has resulted in land development following existing or planned transport infrastructure such as rail and road. Development patterns may be r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office
An office is a space where the employees of an organization perform Business administration, administrative Work (human activity), work in order to support and realize the various goals of the organization. The word "office" may also denote a position within an organization with specific duties attached to it (see officer or official); the latter is an earlier usage, as "office" originally referred to the location of one's duty. In its adjective form, the term "office" may refer to business-related tasks. In legal, law, a company or organization has offices in any place where it has an official presence, even if that presence consists of a storage silo. For example, instead of a more traditional establishment with a desk and office chair, chair, an office is also an architectural and design phenomenon, including small offices, such as a Bench (furniture), bench in the corner of a small business or a room in someone's home (see small office/home office), entire floors of buildings, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
