Q.Explain Balanced Regional Development.

Balanced regional development is the even growth of all regions of a country so that backward and rural areas develop along with the advanced ones. Entrepreneurs who set up units in backward areas create local jobs and income, reduce regional disparities and help achieve this goal.

In most countries, industry, wealth and employment tend to gather in a few developed cities, leaving other regions backward. Balanced regional development is the policy of spreading economic activity evenly across all regions — developed and backward, urban and rural alike — so that no area is left behind. Entrepreneurship plays a key role here: when entrepreneurs set up enterprises in backward and rural areas (often encouraged by government subsidies and incentives), they generate local employment, raise incomes, build infrastructure and reduce the migration of people to cities. In this way balanced regional development removes regional inequalities …