Question

What are the 4 major concepts used in urban economic analysis? List four of these concepts, and then describe for each at least two examples of their application

Answer 1

Urban economics deals with cities and provision of goods and services within those cities, of local public goods such as education and healthcare.

Formation and flow of capital is the first concept wherein urban economies ensure that industries gain access to credit and are able to grow their businesses by getting the necessary permissions in place in order to function and meet the demand.

Distribution of economic opportunity: By ensuring efficient healthcare is available in the region to address people's concerns and education for poor household children is accessible and that it is qualitative and affordable.

Economic and social stability: Efficient portal for businesses in order to function their state concerns and that there is normal functioning at the local level and none of the businesses are lacking pluralism, thus able to function efficiently.

Expansion of local economic opportunity: Businesses are able to grow and not being harrassed. This increases the employable labour in an urban setting and leads to prosperity.