What is a Suburban in economics?

Answer 1

In economics, "suburban" typically refers to areas located on the outskirts of a city, characterized by residential neighborhoods, commercial centers, and lower population density compared to urban centers. Suburban areas often experience different economic dynamics, such as varying property values, transportation costs, and access to services. They can play a crucial role in regional economic development, influencing labor markets, housing demand, and consumer behavior. The suburban economy is often shaped by factors like urban sprawl, infrastructure investment, and demographic trends.