Basic Industry Multiplier

Business, Legal & Accounting Glossary

Definition: Basic Industry Multiplier


Basic Industry Multiplier


Full Definition of Basic Industry Multiplier


A ratio of the total population in an area to those individuals who are employed in industrial positions. Because of the fact that industrial jobs typically have high pay, their existence will tend to create service oriented jobs such as waiters and shop clerks and, as a result, each new industrial job will be thought to increase the total population of the surrounding area by the basic industry multiplier.


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Definition Sources


Definitions for Basic Industry Multiplier are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.