Economics Urbanization Questions
Urban decay refers to the process of deterioration and decline in the physical, social, and economic aspects of a city or urban area. It occurs when previously thriving neighborhoods or areas experience a decline in population, infrastructure, and economic activity. Urban decay is often characterized by abandoned or dilapidated buildings, high crime rates, poverty, and a lack of investment and development. Factors contributing to urban decay include deindustrialization, suburbanization, inadequate urban planning, and social issues such as poverty and inequality. Urban decay can have negative impacts on the quality of life for residents, as well as the overall economic health and attractiveness of a city.