The increase in economic activities within urban areas resulting from factors such as job opportunities, business expansion, increased productivity, and investment.
Related terms
Gentrification: The process by which wealthier individuals or businesses invest in deteriorated neighborhoods or districts to improve them economically.
Central Business District (CBD): The commercial hub or downtown area of a city where most offices, shops, banks, government buildings are located.
Economic Inequality: Unequal distribution of income or resources among different individuals or groups within an urban area.