An economic hub refers to a city, region or country that plays an important role in driving its national economy and has significant influence on global trade. It is typically characterized by having a strong presence of industries such as manufacturing, finance, services, transportation, and logistics which contribute significantly to the local, regional or national economic growth. Such hubs often serve as centers for business activity, attracting investments from both domestic and foreign sources, creating jobs, and stimulating innovation and entrepreneurship. In essence, an economic hub is a critical component of any economy that helps drive its growth and development.