Alfred Weber

Alfred Weber (born July 30 1868 in Erfurt - died May 2 1958 in Heidelberg) German economist, sociologist and theoretician of culture and his work was influential in the development of modern economic geography.

Globalization

Similarly, please remember that INDUSTRIAL activity is considered a secondary economic activity, and is also discussed as manufacturing. Industrial activity can be broken down further to include the following activities: processing, the creation of intermediate parts, final assembly. Today with multi-national corporations, the three activities listed above may occur outside MDCs.

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His theory does have validity in explaining some of the causes for current movement, yet such discussion would not come from Weber himself.

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Weber found industrial activity the least cost to produce. least cost location then implies marketing the product at the least cost to the consumer. Much like retailers, such as Walmart, Target, and Costco, attempt to obtain large market shares today. It is explained economically as one way to make a profit, creating the cheapest product for the consumer market would lead to greater volume of sales and hence, greater profits. Therefore, companies which did not take the time to locate the cheapest inputs or the largest markets, would go out of business since their product would cost more to produce and cost the consumer more at the market.

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