Certainly!
The correct answer to the question is "economic zone."
1. Economic Zone:
An economic zone is a specific territory or area that has laws and regulations different from the surrounding regions. These zones are typically established by governments to attract business investments, promote economic growth, and create job opportunities.
Examples of economic zones include Free Trade Zones (FTZs), Special Economic Zones (SEZs), Export Processing Zones (EPZs), and Industrial Parks. These zones offer various incentives such as tax breaks, customs benefits, streamlined regulations, and infrastructure support to encourage businesses to establish operations within the zone.
In summary, an economic zone is a designated area with specific laws and regulations aimed at boosting economic development and attracting investment.
