business location
Loading your saved state.
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.
economic area
Wirtschaftsraum views a region as a connected area with shared economic characteristics or close trade relations. Wirtschaftsstandort, by contrast, evaluates the conditions the region offers companies. Wirtschaftsraum is the better choice for economic connections; Wirtschaftsstandort is used for infrastructure, workforce, or taxes.
Durch gute Verkehrswege und viele Fachkräfte ist die Region ein attraktiver Wirtschaftsstandort.
With good transport links and a large skilled workforce, the region is an attractive business location.
Durch ihre engen Handelsbeziehungen bilden die Nachbarregionen einen gemeinsamen Wirtschaftsraum.
Because of their close trade relations, the neighboring regions form a shared economic area.
