731 B
731 B
Economic Accessibility Determinants
Definition
The factors that determine how easily different regions can access markets and participate in exchange, including geographical features, transportation infrastructure, political arrangements, and population density. Economic accessibility determinants shape patterns of economic development and specialisation.
Source Chapter
Book I, Chapter 3
Context
Smith identifies multiple economic accessibility determinants: natural features like coastlines and rivers, artificial infrastructure like canals, political factors like control over waterways, and population density that creates market demand for specialised goods and services.
Economic Domain
Exchange