efnahagssvæði
Efnahagssvæði translates from Icelandic to mean "economic zone." This term is often used in the context of special economic zones, which are designated geographical areas within a country that are subject to different economic regulations than the rest of the country. These regulations can include tax incentives, streamlined customs procedures, and other policies designed to attract foreign investment and stimulate economic activity.
The purpose of establishing an efnahagssvæði is typically to promote export-oriented industries, foster innovation, and create
Iceland, like many other nations, may utilize the concept of an efnahagssvæði to target specific development