2022 Geography Module 104: Economic Geography

Key parameters include the current account, capital account, and financial account.

The WTO facilitates trade negotiations, provides a platform for dispute resolution, and promotes fair trading practices.

Leading market networks enhance accessibility to services and improve supply chain efficiencies for rural areas.

<p>Causes include lack of job opportunities, poor living conditions, and better prospects in urban areas.</p> Signup and view all the answers

<p>'Green Economy' focuses on reducing environmental risks and promoting sustainable growth while ensuring equitable resource distribution.</p> Signup and view all the answers

<p>Land reforms aim to increase agricultural productivity, promote social equity, and ensure land ownership rights.</p> Signup and view all the answers

<p>Village adoption involves collaboration between agricultural experts and rural communities to improve farming practices.</p> Signup and view all the answers

<p>The law of diminishing returns states that as more units of a variable input are added to fixed inputs, the incremental output will eventually decrease.</p> Signup and view all the answers

<p>Regionalization of agriculture signifies the allocation of agricultural activities based on climatic, topographical, and socio-economic factors specific to different regions.</p> Signup and view all the answers

<p>Qualitative techniques include field surveys and interviews, while quantitative techniques involve statistical analysis and mapping to define agricultural regions.</p> Signup and view all the answers

<p>The principal objectives of agri-business include increasing agricultural productivity, ensuring food security, and maximizing profit through efficient resource management.</p> Signup and view all the answers

<p>The ecological approach emphasizes sustainable farming practices that respect environmental limits while promoting biodiversity and local resources.</p> Signup and view all the answers

<p>The New Industrial Policy emphasized liberalization, privatization, and deregulation of the economy to promote industrial growth and attract foreign investment.</p> Signup and view all the answers

<p>Allen Pred's theory focuses on the importance of cultural, historical, and social factors in the location of industries, rather than just economic factors.</p> Signup and view all the answers

<p>Balance of payment is a financial statement that summarizes a country's transactions with the rest of the world, assessed through trade balance, capital transfers, and financial flows.</p> Signup and view all the answers

<p>Periodic markets operate on specific days and cater to rural areas, whereas daily markets are open every day and usually serve urban consumers.</p> Signup and view all the answers

<p>GDP, or Gross Domestic Product, is the monetary value of all finished goods and services produced within a country's borders in a specific time period, and according to E.A. Ackerman, resource regions are areas identified based on their availability and utilization of resources which impact economic outcomes.</p> Signup and view all the answers

<p>Ecological economics integrates ecological and economic perspectives to assess resources sustainably, and the Club of Rome was established in 1968 by a group of scholars aiming to address global issues through interdisciplinary approaches.</p> Signup and view all the answers

<p>A land tenure system refers to the legal framework defining people's rights to land use and ownership, and land reforms in India have pros such as increased equity and cons like resistance from landlords.</p> Signup and view all the answers

<p>The Green Revolution involved the use of high-yielding varieties, fertilizers, and irrigation which led to increased productivity but also resulted in unequal benefits across regions and social classes in India.</p> Signup and view all the answers

<p>The market area approach of industrial location examines how industries position themselves based on market accessibility, and Tord Palander contributed significantly by developing location theories based on market dynamics.</p> Signup and view all the answers

<p>Liberalization refers to the relaxation of government restrictions to encourage economic growth, and the objectives of the New Industrial Policy included enhancing competitiveness and attracting foreign investment.</p> Signup and view all the answers

<p>The 'Limits to Growth' concept warns against unchecked economic expansion and resource consumption, highlighting the dangers of unsustainable growth amid unequal resource distribution, which exacerbates global inequalities.</p> Signup and view all the answers

<p>'Agricultural regions' are identified using geographic and economic indicators, and 'Agricultural Economy' refers to the study of the agricultural sector's roles, processes, and interactions within the economy.</p> Signup and view all the answers