Question
The regulation approach
Answer :
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The regulation approach in economic geography refers to the framework of rules, policies, and institutions that guide economic activities and spatial organization within a region or country. It emphasizes how formal regulations, government policies, and institutional arrangements influence the patterns of production, distribution, and consumption of goods and services across space. This approach highlights that economic behavior is not solely determined by market forces but also shaped by legal, social, and political structures. Regulation can occur at multiple levels, including national,
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