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Areas of Practice
Lesson 12: Economic Development Planning
Question | Answer |
---|---|
Economic Development | Economic development is about supporting the economy, region, state or nation. This includes: job creation, private business expansion, tax base expansion, quality of life & standard of living |
Multiplier Effect | Measures the interdependence or linkage between industry sectors within a region, provide an estimate on the "ripple effect" due to a local change in economic activity |
Enterprise Zone | Area in which policies to encourage economic growth and development are in place |