Creating economic multiplier effects
Synonyms: Building forward and backward economic linkages
Description: National economic multiplier effects are defined as the ratio of the change in national income to the initial change in the sectoral investment. Thus, an initial investment of $1,000 may cause an increase in the national economy of $2,500 -- in which case the multiplier would be 2.5. Income multipliers would be how much income is created per unit of expenditure on income generation, and so on.
Type Classification: C: Cross-sectoral strategies