A Basic Industry refers to a sector that exports products or services outside the local economy and generates a large inflow of revenue, thereby driving economic growth for the region.
An economic base refers to industries within a geographic market area that provide essential employment opportunities crucial for supporting the community. The concept helps determine the core industries that drive local economic growth.
Intermediation refers to the process where financial intermediaries, such as banks or savings and loan associations (S&Ls), facilitate the flow of funds between savers and borrowers. This process enables the efficient allocation of resources and supports economic growth by providing a mechanism for savers to earn a return on their funds and borrowers to access the capital they need.
The multiplier is a factor used to extrapolate or derive a significant financial or economic value by applying it through multiplication. It is frequently used in real estate to determine property valuations and project population or economic growth based on certain key inputs.
The Real Estate Roundtable brings together leaders of the real estate industry to advocate for policies that promote real estate and overall economic growth. It bridges the gap between real estate and public policy.
Stagflation is an economic condition characterized by a combination of stagnant economic growth, high unemployment, and persistent inflation. This rare phenomenon presents significant challenges for policymakers and investors, as traditional remedies for inflation or stagnation can worsen the other condition.
Sustainable development refers to a philosophy that views construction within the constraints of long-term environmental health, emphasizing building to meet human needs without compromising the ability of the natural environment to support such development.
