ii) Classification of resources
iii) Lagging and Forwarding Region
iv) Cumulative Causation Theory
v) Classification of Economic Activities
vi) Retail Trade and Breaking Point Theory
vii) Von Thunen’s Agricultural Landuse
Answers
Answer:
natural resources and man made resources
ii) On the basis of their development and use resources can be classified into two groups, actual resources and potential resources.
iii) The terms “leading indicator” and “lagging indicator” have become standard terminology in performance measurement and management.
iv) Circular cumulative causation is a theory developed by Swedish economist Gunnar Myrdal who applied it systematically for the first time in 1944 (Myrdal, G. (1944), An American Dilemma: The Negro Problem and Modern Democracy, New York: Harper).
v) Human activities which generate income are known as economic activities. Economic activities are broadly grouped into primary, secondary, tertiary activities.
vi) 1. Reilly's Law of Retail Gravitation and formula defines the probability of two cities to attract retail trade from a third intermediate trade area. 2. Converse's Breaking-Point Model and formula defines the 50% shopping probability or breaking-point in trade between two cities in miles or travel time.
vii) The Von Thunen model of agricultural land use was created by farmer and amateur economist J.H. ... Farmers in the Isolated State transport their own goods to market via oxcart, across land, directly to the central city.