Using Any of the Five Foundations of Economic Thought,explain Why

question 129

Essay

Using any of the five foundations of economic thought,explain why farms are not located in major metropolitan areas.

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Definitions:

Islamic Middle East

A region predominantly influenced by Islamic culture, history, and religious practices, spanning countries in the Middle East where Islam is a major social and political force.

Western Europe

A region comprising the westerly countries of Europe, often including countries like France, Germany, the United Kingdom, Italy, Spain, and the Nordic countries.

Double Taxation

The incidence where income is taxed twice; this usually occurs when income is taxed at both the corporate level and personal level.

Corporate

Pertaining to corporations, large companies recognized by law as single entities distinct from their owners, with legal rights and responsibilities.