Question

Match the following pairs of distinct approaches to economic geography :

Evolutionary economic world geography	Examines how psychological, cognitive, and social factors influence economic decision-making and behavior within geographical contexts.
Theoretical economic world geography	Utilizes theoretical frameworks and models to explain the spatial distribution of economic activities.
Quantitative economic world geography	Employs statistical tools and mathematical models to understand the spatial distribution of economic phenomena
Behavioral economic world geography	Considers the dynamic and evolving nature of economic processes within geographical spaces.

• A. A-3, B-1, C-4, D-2
• B. A-4, B-1, C-3, D-2
• C. A-4, B-2, C-3, D-1
• D. A-1, B-2, C-3, D-4

Answer 1

Answer:

C. A-4, B-2, C-3, D-1

Economic geography

• Economic geography is the study of how economic activities are organized, distributed, and interconnected across different spaces and places.
• It concentrates on understanding the spatial aspects of economic processes, including the production, distribution, and consumption of goods and services.
• Economic geography considers various factors such as resources, labor, technology, transportation, trade, and the impact of policies on regional and global economies.

Economic geography is primarly divided into :

• Quantitative economic world geography:
  • This approach in economic geography involves the use of quantitative methods and spatial analysis techniques to study economic activities, patterns, and relationships.
  • It often employs statistical tools and mathematical models to understand the spatial distribution of economic phenomena and their implications.
    
    
• Theoretical economic world geography:
  • This approach focuses on developing and applying theoretical frameworks and models to explain the spatial distribution of economic activities.
  • It delves into concepts and principles that help understand why economic processes are organized in specific ways across different geographical spaces.
    
    
• Evolutionary economic world geography:
  • This approach emphasizes the dynamic and evolving nature of economic processes within geographical spaces.
  • It considers the influence of historical, social, and cultural factors on the development of economic activities and how these processes change over time.
  • It also explores how economic systems adapt and evolve in response to various internal and external influences.
    
    
• Behavioral economic world geography:
  • This approach examines how psychological, cognitive, and social factors influence economic decision-making and behavior within geographical contexts.
  • It focuses on understanding the role of human behavior, preferences, and biases in shaping economic activities and their spatial distribution.
  • It often integrates insights from behavioral economics, psychology, and sociology to explain economic phenomena in different geographic settings.