Pusateri's Economic Space

An economic space can be defined by its aspects of location, territory, place and scale (Coe, Kelly, & Yeung, 2013). This economic space experiences the processes of capitalism, such as production, consumption, and social reproduction (Mansvelt, 2013). In a recent visit to a grocery store, Pusateri’s, to buy bread, I realized that through its services of selling food and procession of location, territory, place and scale, the store could be defined as an economic space that is actively involved in capitalist consumption and reproduction. Location is the physical location of an economic space (Coe et al., 2013). Pusateri’s Fine Foods is located on 57 Yorkville Ave, Toronto, Ontario (Karbassian, 2017). This within the Yorkville area of Toronto. The location is relatively near many high-rise condos and the University of Toronto. This close distance to campus was a reason for me to chose this location for bread. The proximity to a sizeable customer base reduces the “friction of distance” associated with economic activities (Coe et al., 2013). These features can relate to the territory of the space, or the official powers that control space (Coe et al.,
The Annex neighborhood, where Pusateri’s is located is know to have sizeable population of working age adults (51%) and post-retirement age seniors (17%) (“Annex,” 2011). 81% of Annex residents live in apartments, which leads to a relatively high population density of 10,383 people per square kilometer (“Annex,” 2011). These facts combined with an average after-tax household income of $85,786 (city average is $70,945) give the area around Pusateri’s an urban, upper-class vibe (“Annex,” 2011). This vibe is accentuated by the concentration of high end luxury retail stores near the store. These aspects of the area are seen in Pusateri’s as it advertises a premium experience that sell gourmet food from around the