Explain how economic models predict a) Land use patterns, b) bid rents, c) lot size, d) building heights, e) population density within the monocentric city.
A) land use patterns means modifying natural environment into semi natural habitat
Types :-
Recreational - fun, non-essentials like parks.
Transport - roads, railways, and airports.
Agricultural - farmland.
Residential - housing.
Commercial - businesses and factories.
B) bid rents is a geographical economic theory stating that how people fight to get land near central business districts (CBD) and price of the land is inversely related to its closeness with CBD.
C) lot size refers to the total quantity of a product ordered for manufacturing, or for a delivery on a specific time.
D) height of the building depends on the condition of the land and in which economic area it's being build.
E) population density is more near commercial and market area and is rear and the distance increases from the main market.
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