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Alfred Weber’s Theory of Industrial Location is one of the most significant theories in economic geography that attempts to explain the factors influencing the location of industries. Weber, a German economist, presented his theory in his famous work “Theory of the Location of Industries” published in 1909. The theory focuses on identifying the most suitable location for an industry where production costs can be minimized and profits can be maximized. The main objective of Weber’s theory was to determine the least-cost location of an industry. Weber considered transportation cost, labour cost, and agglomeration factors as the major determinants of industrial location. According to him, an industry will be located at a point where the total cost of production is minimum. Among these factors, transportation cost was given the greatest importance. He argued that industries tend to locate near the ______ ___ __________ _____ ___ __________ _________ ________ _________.
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