20 lines
730 B
Markdown
20 lines
730 B
Markdown
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# Market-Based Economic Geography
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## Definition
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The study of how markets and their characteristics shape the geographical distribution of economic activities, specialisation patterns, and development across different regions. Market-based economic geography explains the spatial organisation of economic activities based on market access and transportation costs.
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## Source Chapter
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Book I, Chapter 3
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## Context
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Smith's analysis demonstrates market-based economic geography by showing how different market sizes and accessibilities create distinct patterns of economic activity: trading centres along coasts, manufacturing along rivers, and subsistence agriculture in isolated areas.
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## Economic Domain
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General Theory
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---
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