August Lösch

August Lösch was a German economist known for his contributions to economic geography and regional economics. He is best recognized for his "central place theory," which explains how cities and towns are distributed across a landscape based on economics and consumer behavior. Lösch's work helps us understand the location of businesses and services, showing how they cluster to serve surrounding areas efficiently. His ideas have influenced urban planning and regional development, emphasizing the balance between supply and demand in different locations. His theories continue to be relevant in discussions about urban design and economic activity.