Positive economic impact refers to the beneficial effects that an activity or development has on a region's economy. It may include increased employment opportunities, income generation, infrastructure improvement, or business growth.
Related terms
Economic Development: This term encompasses efforts aimed at improving a region's overall economic well-being by increasing production, income levels, job opportunities, etc.
Foreign Direct Investment (FDI): FDI refers to investments made by foreign entities into domestic companies or projects with the aim of establishing lasting interests and control.
Gross Domestic Product (GDP): GDP measures the total value of goods and services produced within a country's borders over a specific period. It is often used as an indicator of economic performance.