Definition of “development area” - English Dictionary

“development area” in Business English

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development areanoun [ C ]


an area of a country, especially a poor area with a lot of unemployed people, where the government tries to encourage economic development by offering financial advantages to people who start companies, factories, etc. there:

an area that a local government decides will be used for new businesses, industry, housing, etc.:

Within the development area itself, smaller 'artisan' units will cater for more specialist professional companies, such as lawyers and architects.

(Definition of “development area” from the Cambridge Business English Dictionary © Cambridge University Press)