Business, Legal & Accounting Glossary
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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This glossary post was last updated: 20th November, 2021 | 0 Views.