A "multi-speed economy" refers to a situation where different regions or sectors within a country experience varying rates of economic growth and development. This can lead to disparities in income, employment, and overall prosperity. For example, urban areas may thrive while rural regions lag behind, creating a divide in economic opportunities. This phenomenon can be influenced by factors such as technology, infrastructure, and government policies. In a multi-speed economy, some industries may flourish due to innovation, while others struggle to keep pace. Addressing these imbalances often requires targeted interventions to promote equitable growth across all areas.