Question

What is the primary focus of Local Economic Development (LED)?

• A. Promoting international trade
• B. Creating a top-down economic strategy
• C. Strengthening the economic capacity of a local area to improve its economic future
• D. Reducing foreign direct investment

Answer 1

Answer:

C. Strengthening the economic capacity of a local area to improve its economic future

Local Economic Development (LED) focuses on building the economic capacity of a specific area, improving its competitiveness, and enhancing employment opportunities, with the ultimate goal of ensuring sustainable economic growth at the local level.