Regional economics is a branch of economics that focuses on the economic activities and development of specific areas or regions. It examines how local resources, industries, and labor markets interact to influence economic growth and stability. By analyzing factors such as infrastructure, population demographics, and government policies, regional economists aim to understand the unique economic dynamics of different areas. This field also studies the impact of globalization and trade on local economies, as well as the role of innovation and technology in fostering regional competitiveness. Policymakers often use insights from regional economics to design strategies that promote sustainable development and address economic disparities among regions.