Employment

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1 Types

January 1, 1 6 min read Definitions

Basic Industry Multiplier Economic Base Analysis Basic Industry Local Economy Population Growth Employment Service Jobs Economic Development

In economic base analysis, the Basic Industry Multiplier is the ratio of the total population in a local area to the employment in basic industry. Basic industries attract income from outside the local area and foster local service jobs.

January 1, 1 6 min read Definitions

Economic Base

Economic Base Employment Economic Growth Community Support Local Economy Geographic Market Area

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.