In: Economics
At the early stages of development of the economy, the
opportunities of cheaper land, small scale industries, etc., were
more common amongst the citizens of the country. During the
development process, the lands of the urban areas were more
affordable than that of the rural. So, the people that saw more
opportunities to earn money in the urban regions of the country.
Establishing small scale industries, dairy farming, agricultural
practices, etc., became common practices of the people moving
towards the urban area and due to which the economic growth of the
economy also started flourishing. They thought to invest in the
urban regions of the country is much more profitable than the same
for the rural regions.
Not only the countries in the development process but the developed
countries which already flourished also saw a bright future of the
economic growth in investing in urbanization. The developed
countries also implemented this idea for the overall economic
growth of the nation. This can cause a long term benefit to the
countries implementing it. Development of urban regions, creation
of more job opportunities, opportunities for investors, small scale
industries, agriculture, etc., benefitted the countries taking this
idea into consideration