business location
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business location
A place, region, or country evaluated according to the conditions it offers for companies and economic activity, such as infrastructure, taxes, and workforce.
Deutschland gilt trotz hoher Lohnkosten als attraktiver Wirtschaftsstandort.
Despite high labor costs, Germany is considered an attractive business location.
This noun is made up of 'Wirtschaft' (economy/business) and 'Standort' (location). The 's' is a linking element. So it describes a place (location) from an economic perspective.
Die Regierung möchte den Wirtschaftsstandort durch neue Gesetze attraktiver machen.
The government wants to make the business location more attractive through new laws.
This word is often combined with adjectives such as 'attraktiv' (attractive), 'stark' (strong), 'schwach' (weak), or 'wettbewerbsfähig' (competitive). Typical verbs are 'stärken' (to strengthen), 'sichern' (to secure), or 'gefährden' (to endanger).
Gute Bildung ist wichtig, um den Wirtschaftsstandort zu stärken.
Good education is important in order to strengthen the business location.
Often a country or region is named directly to make the reference clear. Typical formulations are 'der Wirtschaftsstandort Deutschland' (Germany as a business location) or 'Österreich als Wirtschaftsstandort' (Austria as a business location).
Viele internationale Firmen investieren am Wirtschaftsstandort Schweiz.
Many international companies invest in Switzerland as a business location.
location / site
'der Standort' and 'der Wirtschaftsstandort' both have to do with a place. 'Standort' is general: it is the place where a person, building, or company is located. 'Wirtschaftsstandort' is more specific and evaluates a place from an economic point of view, for example in terms of companies, jobs, transport, or taxes. The words can be confused because they often involve businesses. If you are only saying where something is, use 'Standort'. If you are talking about the economic conditions of a place, 'Wirtschaftsstandort' fits.
Die Stadt möchte als Wirtschaftsstandort für junge Firmen attraktiver werden.
The city wants to become a more attractive business location for young companies.
Unser Standort ist schwer zu finden, weil die Straße sehr klein ist.
Our location is hard to find because the street is very small.