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In economics, the field of public finance deals with three broad areas: macroeconomic stabilization, the distribution of income and wealth, and the allocation of resources. . Much of the study of the allocation of resources is devoted to finding the conditions under which particular mechanisms of resource allocation lead to Pareto efficient outcomes, in which no party's situation can be ...
Economics is the study of the allocation of scarce resources, and as all economic phenomena take place within a geographical space, urban economics focuses on the allocation of resources across space in relation to urban areas (Arnott & McMillen 2006:7) (McCann 2001:1).
Labor pooling and matching: Agglomerating effects, such as an increase in population and therefore, human capital, arguably help improve matching within the economy, e.g. employees with employers, suppliers with buyers, and so on. [2]
Central place theory is an urban geographical theory that seeks to explain the number, size and range of market services in a commercial system or human settlements in a residential system. [1] It was introduced in 1933 to explain the spatial distribution of cities across the landscape. [2]
[2] [3] Macroeconomists study topics such as output/GDP (gross domestic product) and national income, unemployment (including unemployment rates), price indices and inflation, consumption, saving, investment, energy, international trade, and international finance. Macroeconomics and microeconomics are the two most general fields in economics. [4]
Railway in Germany.. While others should get some credit for earlier work (e.g., Richard Cantillon, Etienne Bonnot de Condillac, David Hume, Sir James D. Steuart, and David Ricardo), it was not until the publication of Johann Heinrich von Thünen's first volume of Der Isolierte Staat in 1826 that location theory can be said to have really gotten underway.
Economic geography is the subfield of human geography that studies economic activity and factors affecting it. It can also be considered a subfield or method in economics . [ 1 ]
Settlement geography is a branch of human geography that investigates the Earth's surface's part settled by humans. According to the United Nations' Vancouver Declaration on Human Settlements (1976), "human settlements means the totality of the human community – whether city, town or village – with all the social, material, organizational, spiritual and cultural elements that sustain it."