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Regional economic geography examines the economic conditions of particular regions or countries of the world. It deals with economic regionalization as well as local economic development. Historical economic geography examines the history and development of spatial economic structure. Using historical data, it examines how centers of population ...
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Economic: Economic agglomeration can create some economic benefits but also tends to widen the disparity between rich areas and poor areas and increase interregional inequality. [22] Interregional inequality cannot be prevented because it is a necessary stage during economic development.
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
Articles related to economic geography, the subfield of human geography which studies economic activity. It can also be considered a subfield or method in economics . Subcategories
However, the geography of finance is now gaining individual focus, especially as the link between the financial economy and the real economy is losing strength. [11] This is emphasized by the existence of economic bubbles and the fact that the value of financial transactions is often multiple times larger than the real economy.
Scholars such as Jeffrey D. Sachs argue that geography has a key role in the development of a nation's economic growth. [ 2 ] For instance, nations that reside along coastal regions, or those who have access to a nearby water source, are more plentiful and able to trade with neighboring nations.
Theoretical economic geography is a branch of economic geography concerned with understanding the spatial distribution of economic activity. Theoretical techniques in this branch of economics explain a number of phenomena such as: [1] The clustering of people and businesses into cities.