Editing Economic Geography (section)

== <span style="color: #FFFFFF;">Applying</span> ==
'''Modeling 'The Transport Cost' (Deciding where to build a factory):'''
<syntaxhighlight lang="python">
def factory_location_optimizer(raw_material_weight, finished_product_weight, transport_rate):
    """
    Weber's Least Cost Theory: 
    Should we build near the 'Source' or the 'Market'?
    """
    if raw_material_weight > finished_product_weight:
        # If it 'Loses weight' during production (like steel), build near the source!
        return "ADVICE: Build the factory near the MINE (Source)."
    else:
        # If it 'Gains weight' (like soda/bottling), build near the city!
        return "ADVICE: Build the factory near the CUSTOMERS (Market)."

# Making Steel (10 tons of ore -> 1 ton of steel)
print(f"Steel: {factory_location_optimizer(10, 1, 0.5)}")
# Bottling Soda (1 ton of syrup -> 10 tons of soda)
print(f"Soda: {factory_location_optimizer(1, 10, 0.5)}")
</syntaxhighlight>

; Economic Landmarks
: '''The 'Four Asian Tigers'''' → The incredible economic growth of Hong Kong, Singapore, South Korea, and Taiwan, which proved that countries could move from the "Periphery" to the "Core" in one generation.
: '''Rust Belt (USA)''' → A geographic area that was once the "Heart" of the economy (Steel/Cars) but became a "Periphery" as factories moved to other countries.
: '''Shenzhen, China''' → A tiny fishing village that was turned into an SEZ in 1980 and is now a megacity of 12 million and the "Hardware Capital" of the world.
: '''The 'Banana Republic'''' → A historical (and insulting) term for a country whose entire economy was "Controlled" by a foreign company (like the United Fruit Company).
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