economic base

economic base definition - business

economic base

The type of businesses that provide employment and pay taxes in a specific town or region. For example, coal mining is the economic base of Gillette, Wyoming.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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