Theoretical economic geography

Theoretical economic geography is a branch of economic geography concerned with understanding the spatial distribution of economic activity.

Theoretical techniques in this branch of economics explain a number of phenomena such as:[1]

  • The clustering of people and businesses into cities.
  • The location of major population centers, which is often based on proximity to trade routes. For example, most major cities are located on harbours.
  • The distribution of people and businesses within cities with higher density in the centres, reducing to lower density on the fringes.
  • The distribution of populations across land masses, with major cities, interspersed with regional centres which are in turn interspersed with smaller towns.
  • The clustering of similar businesses together.

References

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  1. ^ Lloyd P. E. and Dicken, P. Location in Space: A Theoretical Approach to Economic Geography, Harper &b Row Publishers, New York, 1972