In: Economics
Monocentric city & The Change
The idea of monocentric model of urban spatial structure was
proposed by William Alonso, Richard Muth and Edwin Mills in the
1960’s. The concept comes under urban economics which focuses on
the spatial relationships to understand the economic motivations
underlying the formation, functioning and development of the
cities.
Monocentric city model refers how the price and demand for the real
estate changes according to the distance of the property from the
central business district. Central business district consist of the
only area that is meant to be urbanized for production and
business. Land users compete to buy land near the CBD. The idea was
just that will increase the profit since it is near to the business
circle and people will be willing to pay more for the land near to
that. Concentration of the customers, less transportation cost
would all were the supporting thoughts for the idea.
The form of cities changed from monocentric through expanding the
scope of the business circle and improved technology. Cities were
moved to a polycentric form which was more business and
infrastructural friendly. Multiple cities organized and make a
rural area. Economic efficiency, increased scope of business,
diversion in the kind and area of business, less production cost
and etc. are the basic positive sides of the change. The negative
side is the increase in pollution, density of population,
environmental imbalances and etc.