Consider the following statements and select the correct answer from the codes given below Assertion...........

World Geography (Easy) Human Aspects

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Consider the following statements and select the correct answer from the codes given below:

Assertion (A): New economic geography deals with the spatial economy of 21st century.

Reason (R): It attempts to meet the new economic challenges.

Both A and R are true and R is the correct explanation of A.

Both A and R are true, but R is not the correct explanation of A.

A is true, but R is false.

A is false, but R is true.

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Explanation:

New Economic Geography deals with the spatial economy of 21st century because it attempts to meet the new economic challenges.

New economic geography includes traditional thoughts about spatial economics such as urban economics, regional science, and economic location theory; introduces such concepts as region, location, and distance into economics; and uses increasing returns to scale, external economy, imperfect competition, and spatial ...