Are there any high class restaurants in Nice?

A poor lower class area has more liquor stores, fast food restaurants etc. than a high class area what is this?

  • I recently had a misconception of gentrification and I am looking for a term to coincide with the above statement. I am not sure if there is a term that exist but I am curious. Thanks in advance.

  • Answer:

    (1) Richer residential neighborhoods (think suburbs) are generally not zoned for retail at all. (2) In general, population density is much lower in rich residential neighborhoods than in poor ones (the rich can afford more space). That means there won't be as many customers. (think townhouses vs. tenements) (3) One of the exceptions is high density urban housing (New York, San Francisco, etc.) where even the rich live in high-rise buildings and so have high density. There, because there are so many rich people around, the rents for stores are high. Fast food restaurants don't charge much and so can't make a profit when rents are high. (But the San Francisco high density areas do have convenience stores that sell wine (with bottles up to $100), liquor, fast food (deli, frozen, etc.) - they just don't devote as much space to those goods.) As for a specific term, I can't think of one either.

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The wealthy are smarter than to indulge in wasteful spending. They are more interested in tying their capital for an investment return. The middle class and poor tend to spend lucrative amounts of money on wasteful things.

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