Basic Industry Multiplier

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Definition: Basic Industry Multiplier

Basic Industry Multiplier
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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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Basic Industry Multiplier. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
September 26, 2023 https://payrollheaven.com/define/basic-industry-multiplier/.
Chicago Manual of Style (CMS):
Basic Industry Multiplier. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/basic-industry-multiplier/ (accessed: September 26, 2023).
American Psychological Association (APA):
Basic Industry Multiplier. PayrollHeaven.com. Retrieved September 26, 2023
, from PayrollHeaven.com website: https://payrollheaven.com/define/basic-industry-multiplier/

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.