Basic Industry Multiplier

Definition of "Basic industry multiplier"

Michelle St. Michael real estate agent
Michelle St. Michael, Real Estate Agent Rhodes Realty Associates

Percentage of a geographic location's population to the number of persons employable by a basic industry in that area. A basic industry is one that draws income from outside the locality for its product or service. The industry not only generates jobs directly but indirectly creates jobs for related services. The industry not only attracts workers from outside the area but also their families.

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