Economics Supply And Demand Questions
Urbanization refers to the process of population concentration in urban areas, resulting in the growth and expansion of cities. It involves the migration of people from rural areas to urban centers in search of better economic opportunities, improved living standards, and access to various amenities and services. Urbanization is driven by factors such as industrialization, technological advancements, and globalization. It leads to the development of infrastructure, increased demand for housing, transportation, and other urban services, as well as changes in social, cultural, and economic dynamics within a society.