Proximity

Definition

Proximity refers to the closeness or nearness of one location to another. It is often used to measure distance in terms of physical space or time.

Related terms

Accessibility: The ease with which people can reach a particular location from other places.

Distance Decay: The idea that the farther apart two locations are, the less likely they are to interact or have strong connections.

Nearshoring: The practice of locating business operations close to their target market in order to reduce transportation costs and increase efficiency.