location vs collocation

location and collocation both are nouns.

Word	Noun	Adjective	Verb	Adverb
location	Yes	No	No	No
collocation	Yes	No	No	No

As nouns, collocation is a hyponym of location; that is, collocation is a word with a more specific, narrower meaning than location:

location (noun)	collocation (noun)
a point or extent in space; a point or extent in space	the act of positioning close together (or side by side)
a determination of the place where something is	a grouping of words in a sentence
the act of putting something in a certain place
a workplace away from a studio at which some or all of a movie may be made