Urban and Rural Economics

Urban and Rural Economics, within Economic Geography, studies how economic activities differ between cities (urban areas) and countryside (rural areas). Urban Economics examines issues like transportation, housing, and job markets in densely populated areas, emphasizing factors like agglomeration and infrastructure. In contrast, Rural Economics focuses on agriculture, resource use, and economic development in less populated regions. Understanding these dynamics helps policymakers and businesses make informed decisions about development, investment, and improving quality of life in both settings, recognizing the unique challenges and opportunities each presents.