This is a model that measures the impact of economic decline or growth in an industry on the scale of a local or regional economy. It divides activities into two categories: nonbasic and basic. Basic industries pertain to those exporting from the region, therefore bringing wealth from outside, while nonbasic industries are those supporting basic industries.
Economic Base Analysis
This is a model that measures the impact of economic decline or growth in an industry on the scale of a local or regional economy. It divides activities into two categories: nonbasic and basic. Basic industries pertain to those exporting from the region, therefore bringing wealth from outside, while nonbasic industries are those supporting basic industries.
