Question

Which of the following is a common strategy used in LED?

• A. Promoting mega industrial zones
• B. Encouraging local entrepreneurship and small businesses
• C. Increasing government control over all local businesses
• D. Reducing local taxation on large multinational corporations

Answer 1

Answer:

B. Encouraging local entrepreneurship and small businesses

One of the key strategies in LED is fostering local entrepreneurship and supporting small businesses. This approach stimulates local innovation, job creation, and inclusive economic growth, which directly benefits the community.