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Economic Base? - This is a term that applies to a local company that provides jobs for that community. Its positions become the economic base for a given city or town. Depending on the size of the community sometimes a single industry could be the entire economic base for a community. However, most often all the businesses in that local city compose its over all economic base. And thus it provides the information on what types of possible employment are available in that community. That is important to those seeking to work and live there. |