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It was proposed by urban geographer James Vance. According to him, external influences have been particularly important in forging the geometry of urban hierarchy through five distinctive changes.

1 Exploration

2. Harvesting of Natural Resources

3. emergence of far-based staple production

4. established of interior depot centres

5. economic maturity and central place infilling.

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Discuss the profit maximization model?

hard to discuss. To really explain it I'd need a graph which I don't have. But Profit maximization is the ATC (Average total cost) and MR (Marginal Revenue) equal each other


How was the English mercantile system different than French mercantilism?

The English mercantile system focused on establishing a network of colonies that would serve as sources of raw materials and markets for manufactured goods, promoting free trade within the empire. In contrast, French mercantilism emphasized state control and regulation, with a more interventionist approach to trade and commerce. This included heavy restrictions on trade with non-French entities and a focus on accumulating wealth through a favorable balance of trade. Ultimately, the English model leaned towards a more laissez-faire approach, while the French system was characterized by greater state involvement.


Which is better economic model or socioeconomic model?

A socioeconomic model tells you more than an economic model does, so in most cases I would say the socioeconomic model is better.


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Discuss the profit maximization model?

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