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Location quotient
Economics 1 Page

Location Quotient

Question

Location quotient (LQ) is a tool used to quantify the how concentrated a demographic group, industry, occupation or a cluster about the nation.

Solution

Title: Location Quotient
Length: 1 pages (306 Words)
Style: MLA

Preview

LQ analysis

Location quotient (LQ) is a tool used to quantify the how concentrated a demographic group, industry, occupation or a cluster about the nation. In this case, the location in question relates to the Vancouver region in Canada. It portrays the uniqueness of the province in comparison to the average of the entire nation. The uses of the LQ include determining the industries that make the economy of the region unique. Also helps to identify the export orientation of the economy, determine the industries oriented for the export in the region and export industries that could negate the regional economy

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