Basics of Economic Geography Essays

2788 Words Jan 6th, 2014 12 Pages
Unit-I
Economic Geography
Economics:
Economics is the social science which studies optimum utilization of scarce resources. It basically studies economic activities, markets, allocation, money, capital, competition, resources, development, growth, welfare, well-being, poverty, deliberate, purposeful, rational, optimal, efficient, and many more.
We can also define the economics as
"Economics is the study of purposeful human activities in pursuit of satisfying individual or collective wants"
"Economics is the study of principles governing the allocation of scarce means among competing ends"
Geography:
When we think of Geography, we often use the following words or concepts: location, site, place, access, spatial, regional,
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A quick and simple definition of Geography thus may be: "the study of the way in which society organizes itself in space".Economic geography is the study of the location, distribution and spatial organization of economic activities across the world. It represents a traditional subfield of the discipline of geography. However, in recent decades, many economists have also approached the field in ways more typical of the discipline of economics.
Economic geography has taken a variety of approaches to many different subject matters, including but not limited to the location of industries, economies of agglomeration (also known as "linkages"), transportation, international trade, economic development, real estate, gentrification, ethnic economies, gendered economies, core-periphery theory, the economics of urban form, the relationship between the environment and the economy (tying into a long history of geographers studying culture-environment interaction), and globalization.
Economic geography is sometimes approached as a branch of anthropogeography that focuses on regional systems of human economic activity. An alternative description of different approaches to the study of human economic activity can be organized around spatiotemporal analysis, analysis of production/consumption of economic items, and analysis of economic flow. Spatiotemporal systems of analysis include economic activities of region, mixed social spaces, and development.

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