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Opportunity cost is the cost in terms of the best alternative forgone. Holding valuable land out of use until the owner deems it most profitable creates huge problems for cities, public infrastructure cost, community vitality and environmental health. It is a primary cause of the dual problems of urban blight and suburban sprawl. For the landowner, the opportunity cost of using land today is the higher price or profit that could be gained in the future and since land tends to increase in value as population and production increase, there is a built-in incentive to wait. Yet, for society at large, the opportunity cost of valuable land being withheld from use is both the production and employment that doesn't happen on that site, and the cost of providing services and infrastructure to a less-suitable site, farther from where the action is. Another way to think about the notion of opportunity costs is to remember that human desires are unlimited, and people seek to satisfy their desires with the least exertion. Thus, we all must make choices about how we wish to use our labour, and the products of our labour, to get what we want.

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What is a Suburban in economics?

In economics, "suburban" typically refers to areas located on the outskirts of a city, characterized by residential neighborhoods, commercial centers, and lower population density compared to urban centers. Suburban areas often experience different economic dynamics, such as varying property values, transportation costs, and access to services. They can play a crucial role in regional economic development, influencing labor markets, housing demand, and consumer behavior. The suburban economy is often shaped by factors like urban sprawl, infrastructure investment, and demographic trends.


What was one result of the growth of suburbs?

Cities became Poorer. APEX 2021


How does sprawl contribute to economic and age segregation in suburbia?

Sprawl contributes to economic and age segregation in suburbia by creating environments where lower-income residents are often pushed to the peripheries, away from resources and opportunities. As wealthier individuals congregate in more desirable areas, this leads to a concentration of age and economic status, resulting in communities that lack diversity. Additionally, car dependency in sprawling areas can isolate older adults and limit their access to essential services, further entrenching age segregation. Overall, sprawl reinforces social divides by spatially separating different socioeconomic and age groups.


In what ways is globalization of culture manifested in the landscape?

Simple. It is by changing the natural environment by human-made machines into human needs, that are often flat to construct urban areas to suit needs and wants such as agriculture and urban sprawl.


Why was it advantageous to construct taller buildings rather than purchase more land?

Constructing taller buildings is advantageous because it maximizes the use of limited land in urban areas, where real estate prices are high. Vertical construction allows for more living or commercial space without the need to acquire additional land, which can be costly and scarce. Additionally, taller buildings can enhance city aesthetics and increase density, promoting walkability and efficient use of infrastructure. This approach also helps mitigate urban sprawl, preserving surrounding natural areas.

Related Questions

When was Suburban Sprawl Music created?

Suburban Sprawl Music was created in 1999.


In your community what aspects of suburban sprawl and urban blight are evident?

We live in a private lake area where there are several run down properties, back taxes owed; property owners have passed away etc. what can we do legally to dispose of these eyesores. where do we start?


Which characteristic would have the greatest effect on what is known as suburban sprawl?

Low population density and reliance on private automobiles for transportation would have the greatest effect on suburban sprawl, as these factors contribute to the spread of urban development into surrounding areas.


What practice has reduced the amount of fertile farmland available?

urban sprawl, also known as suburban sprawl, is the spreading of a city and its suburbs over rural land at the fringe of an urban area.


The continued spread of suburban communities across the American landscape is referred to as?

Industrial development


Should laws limit suburban sprawl why or why not?

Each community has laws called zoning laws that designates areas for businesses, housing, and industrial areas. Zoning laws are to limit urban sprawl.


What is urban sprawl and what are the problems that it causes?

urban sprawl is the unplanned, uncontrolled spreading of urban development into areas adjoining the edge of the city. problems: 1. sprawl invades the countryside and leads to the cutting of hedges, and a reduction in wild life. 2.sprawl leads to long daily commuter journeys to the CBD. 3.sprawl causes the spread of the concrete jungle over a large area.


What are the problems resulting urban sprawl in the western regions of the US?

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What caused atlanta's urban sprawl?

Atlanta's urban sprawl was primarily caused by factors such as the construction of highways, suburbanization, and a lack of comprehensive urban planning. The development of large highways encouraged suburban growth and made it easier for people to commute into the city. Additionally, zoning policies and the availability of cheap land outside of the city center facilitated the expansion of suburban communities.


What are some famous quotes or poems about migraine?

"Chicago happened slowly, like a migraine. First they were driving through countryside, then, imperceptibly, the occasional town became a low suburban sprawl, and the sprawl became the city."― Neil Gaiman, American Gods


Which sentence best explains the effect of urban sprawl on water consumption?

Water consumption rises because suburban communities use more water.


What are the two major contributors to sprawl?

The two major contributors to urban sprawl are population growth and increased reliance on automobiles. As populations expand, demand for housing and services increases, often leading to the development of suburban areas. Additionally, the widespread use of cars encourages low-density development, making it easier for people to live farther from city centers, which further fuels sprawl.