One key difference between urban and rural economies is that rural areas tend to have higher GDP per capita than urban areas. This means that, on average, individuals in rural areas have a higher income level compared to those in urban areas. This can be due to several factors such as the presence of large-scale agricultural industries or natural resource extraction in rural areas. Urban economies, on the other hand, often have a more diverse range of industries and businesses, which can contribute to higher total GDP but lower GDP per capita.
