An area's commercial and industrial structure is referred to as its ________.
A) lambda coefficient
B) economic base
C) trading area
D) industrial diversification base

Question

Quizplus · Accepted Answer

The economic base refers to the commercial and industrial structure of an area, including its primary, secondary, and tertiary industries. This base can be used to analyze the area's employment patterns, income, and overall economic growth. A, C, and D are not correct terms for this definition.

An Area's Commercial and Industrial Structure Is Referred to as Its