REVIEW ON "LOCATION THEORY" – FROM CLASSIC TO MODERN PERSPECTIVES

This study provides a modest review of location theory in economic geography, tracing its evolution from classical origins to contemporary perspectives. By examining the works of influential scholars and analyzing key debates and trends, this study aims to deepen our understanding of the theoretical foundations and practical applications of location theory. The study takes a systematic approach by analyzing prominent publications in the field to shed light on the dynamic nature of location theory and its interdisciplinary nature. The findings contribute to the existing literature by offering a holistic understanding of the development of the field, emphasizing the integration of geography and economics, and examining the various factors that influence location decisions. The study highlights the complex dynamics that determine spatial patterns of economic activity and provides valuable insights for policymakers and researchers. In addition, this study serves as a teaching tool that enhances students’ understanding of economic geography and encourages further research in this dynamic field. Ultimately, the results contribute to our knowledge of the spatial dimensions of economic activity and provide guidance for policy actions and future research.