Economy, asked by StarTbia, 1 year ago

The theory based on markets. a) market theory b) goods theory c) Central place theroy d) Malthus theory

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Answered by aqibkincsem
0
The theory based on markets is the option c) Central place theory.

The Central place theory is a theory having the geographical background.

The objective of this central place theory is to elaborate upon the number, the size and the location of human settlements in a particular residential area.

The theory had been propagated by a German geographer named Walter Christaller.

He had suggested that the settlement used to function as 'central places' offering services to the nearby areas.
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