An area of modern factories located on the outskirts of a settlement is known as what?

A business park is specifically designed to accommodate modern factories and businesses, often situated on the outskirts of a city or settlement. These parks typically offer ample space for large-scale industrial operations, providing good access to transportation networks like roads and railways, which are essential for the transportation of goods.

Business parks benefit from being located outside the dense urban environment, allowing for larger facilities and more efficient logistics compared to inner-city locations. They are usually characterized by a variety of businesses, including corporate offices, distribution centers, and light manufacturing facilities, creating an economic hub that can attract workers and further development.

The other options refer to different types of areas: a Central Business District is the commercial and business center of a city, an urban area refers to a geographical area with high population density, and a shantytown is typically a crowded settlement characterized by substandard housing and infrastructure. These distinctions highlight the unique purpose and functional characteristics of a business park.