Which of the following assists in promoting economic growth?

The development of industry plays a crucial role in promoting economic growth because it often leads to increased production, job creation, and innovation. By establishing industrial facilities, a region can attract investments, boost local employment opportunities, and enhance the skills of the workforce. Industries can have a ripple effect on the economy, as they not only generate goods and services but also stimulate demand for raw materials and support services, leading to further economic activity.

While other options may contribute to economic growth in different ways, their impact is often less direct. For instance, the development of local businesses is vital for a vibrant economy, but it typically relies on a strong industrial base for sustainability and growth. Rezoning can facilitate economic development by allowing for new types of businesses to emerge, yet it is not a direct driver of growth itself. Subdividing land may lead to increased real estate development, but it does not inherently create jobs or economic output like industrial development does.

In summary, industry stands out as a fundamental driver for broad and sustained economic growth, making it a vital component of a healthy economy.