what are the aims and scope on economic geography
Answers
Answer:
Explanation:
an understanding of economic geography allow a company to understand a) when it is choosing locations, b) seeking to find the market potential for certain products and c) developing economies of scale? Economic geography is the study of the location, distribution and spatial organization of economic activities around the world.
Theoretical economic geography focuses on building theories about spatial arrangement and distribution of economic activities. Regional economic geography examines the economic conditions of particular regions or countries of the world.
More specifically, Evolutionary Economic Geography uses concepts and ideas from evolutionary economics to understand the evolution of cities, regions, and other economic systems. Critical economic geography is an approach taken from the point of view of contemporary critical geography and its philosophy.
Historical economic geography examines the history and development of spatial economic structure. Using historical data, it examines how centers of population and economic activity shift, what patterns of regional specialization and localization evolve over time and what factors explain these changes.