REAL 1820 Lecture Notes - Lecture 5: Toronto Pearson International Airport, W. M. Keck Observatory, Linamar
27 Sep 2016
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Document Summary
Job opportunities tend to be better in cities, usually, high- growth cities: professional. Real estate professions are usually based in and focused on cities. Understanding the reasons of why we have cities and why cities grow, leads to better business decisions. A dense collection of inhabitants of relatively large population. Where few citizens make their living directly from agricultural activities. Where the social and economic relationships are relatively complex and hierarchical. Within a city, economic activities are classified into two sectors: export (or basic) sector: serves more than the local population and brings revenues from outside into the city, service sector: serves the local population. Conclusion: export sector is the primary force for city growth. Economic theory: urban hierarchy, in which cities are classified into different orders. High-order cities have more export sectors than low-order cities: ex. Toronto: many universities, colleges, a financial center, pearson airport, professional sports (nhl, nba, mlb)
