Business and Economics Reporting
Displacement refers to the process by which existing residents are forced to leave their homes, often due to economic pressures like rising rents or gentrification. This term highlights the social and economic changes in a community, revealing how affordable housing dynamics can lead to a shift in the demographic and cultural makeup of neighborhoods. It underscores the tensions between development and the preservation of community identity, as well as the challenges that come with ensuring equitable access to housing.
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