Economic vitality refers to a state of strong economic activity, characterized by sustainable growth, high productivity levels, job creation, and overall prosperity.
Related terms
Innovation: Innovation refers to the development and implementation of new ideas or methods that lead to improved products, processes, or services.
Labor Force Participation Rate: The labor force participation rate measures the proportion of people within a specific population who are either employed or actively seeking employment.
Entrepreneurship: Entrepreneurship involves starting new businesses or ventures by taking risks in pursuit of potential profits and contributing to economic growth.