695 B
695 B
Economic Spatial Inequality
Definition
The persistent differences in economic development, specialisation, and productivity that exist between regions based on their geographical location and market access. Economic spatial inequality creates lasting disparities in wealth and economic opportunity across different areas.
Source Chapter
Book I, Chapter 3
Context
Smith's analysis demonstrates economic spatial inequality: coastal regions develop industry and specialisation, river regions achieve moderate development, while isolated inland areas remain at subsistence levels, creating persistent economic disparities based on location.
Economic Domain
General Theory