680 B
680 B
Economic Geography
Economic Geography
Definition
The relationship between physical geography and economic development, particularly how natural features like coastlines, rivers, and terrain affect market extent, transportation costs, and the pattern of industrial development across different regions.
Source Chapter
Book I, Chapter 3
Context
Smith's entire analysis demonstrates economic geography by showing how natural features determine market extent: smooth seas with islands favour early navigation, navigable rivers create inland markets, and frozen oceans or distant rivers prevent commerce in certain regions.
Economic Domain
General Theory