A regional economy refers to the economic activities and interactions that occur within a specific geographic area, such as a city, state, or country. It encompasses various sectors, including agriculture, manufacturing, and services, and is influenced by local resources, labor markets, and infrastructure. The performance of a regional economy can impact employment rates, income levels, and overall quality of life for its residents.
Regional economies can vary significantly from one area to another due to factors like natural resources, government policies, and cultural influences. Economic development initiatives often aim to enhance the growth and sustainability of a region's economy by attracting businesses, improving education, and fostering innovation.