L1 - investigating uneven economic landscapes

Question 1

Define economic geography

Answer 1

a critical societal (sub)discipline that seeks to describe/explain the spatial distribution, organisation and impacts of economic activity

Question 2

Circuit of capital

Answer 2

Basic idea of what capitalism is and how it works
example = someone has money = buys commodities = commodities must be produced = sold for surplus profit
Geographically embedded and exhibits regional coherences

Question 3

Characteristics of capitalism

Answer 3

• growth orientated system
• expansionary process based on mobilisation of labour power/resources
• profit orientated and based on turning labour into a commodity