Economic Geography:- Definitions, Nature, Scope And Recent Trends. Basis of economic processes- Production, exchange and consumption. Classification of economic activities
Economic Geography: Definitions, Nature, Scope, and Recent Trends: Economic Geography is a field that studies the spatial distribution of economic activities and their impact on the Earth's surface. It encompasses a multidisciplinary approach, incorporating elements of geography, economics, and regional planning. Definitions: Economic Geography involves the analysis of how economic activities are organized and distributed in space. It explores the spatial patterns of production, distribution, and consumption of goods and services, considering the influence of physical, cultural, and economic factors. Nature: The nature of economic geography lies in understanding the relationships between economic activities and the physical and human environments. It examines the spatial variations in resource distribution, industrial development, and trade patterns. Scope: The scope of economic geography is broad, covering topics such as industrial location, transportation networks, urban and rura