Question:
What is the primary focus of Local Economic Development (LED)?
APromoting international trade
BCreating a top-down economic strategy
CStrengthening the economic capacity of a local area to improve its economic future
DReducing foreign direct investment
Answer:
C. Strengthening the economic capacity of a local area to improve its economic future
Explanation:
Local Economic Development (LED) focuses on building the economic capacity of a specific area, improving its competitiveness, and enhancing employment opportunities, with the ultimate goal of ensuring sustainable economic growth at the local level.