Urbanization and Economic Growth

Urbanization refers to the increasing movement of people from rural areas to cities, resulting in the growth of urban populations. This shift often stimulates economic growth because cities provide more job opportunities, better access to services, and enhanced infrastructure. As more people concentrate in urban areas, businesses expand, innovation flourishes, and productivity increases, which collectively boost the economy. However, rapid urbanization can also lead to challenges like overcrowding, housing shortages, and environmental issues that need to be managed for sustainable development. Thus, while urbanization can drive economic progress, it requires careful planning and investment.