ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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zones of transition
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concept of suburbanization
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central place theory
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rank size rule
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Detailed explanation-1: -According to the “central place theory” in any given region there can only be one large central city which is surrounded by a series of smaller cities, towns, and hamlets. The central city provides the goods and services required by people living in surrounding communities.
Detailed explanation-2: -Central Place Theory sought to explain the economic relationships of cities with smaller settlements. It also seeks to explain why cities are located where they are geographically and how they serve the surrounding smaller settlements with speciality goods and services.
Detailed explanation-3: -K = 4 transport/traffic principle According to K = 4 transport principle, the market area of a higher-order place includes a half of the market area of each of the six neighbouring lower-order places, as they are located on the edges of hexagons around the high-order settlements.