Question

Which early development significantly contributed to the growth of economic geography?

1. The establishment of global trading networks
2. European colonization and exploration
3. Technological advancements in agricultural practices
4. The emergence of global trade agreements

• A. All
• B. iv only
• C. i, ii
• D. ii only

Answer 1

Answer:

D. ii only

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.

European colonization and exploration contributed to the growth of economic geography

• The growth of economic geography was significantly influenced by European colonization and exploration.
• During this time, the exploration of diverse regions and the subsequent colonization efforts led to the creation of maps depicting various resources, trade routes, and economic opportunities.
• These activities provided the foundational knowledge for the development of economic geography, as explorers and colonizers documented the availability of resources, trading networks, and economic activities in different parts of the world.