Match the term to the most correct definition:

The reason for a city's existence along with its future growth or decline, what it offers that other cities do not, and what attracts business and people:

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier

Resources in the production process (such as capital, labor, and raw materials) that are used by businesses to produce products:

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier

The phenomena whereby firms will tend to locate near each other because of shared inputs or information (which benefits their production):

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier

Activities that produce goods and services for consumption outside the community, and drive the local economy:

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier

Activities that produce goods and services for the local economy, and circulate money that is already in the local market:

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier

The classification system used by the Bureau of Economic Analysis to identify different industries:

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier

The ratio of total employment to estimated basic employment in a community, which is used to estimate the impact of additional basic jobs:

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier

An analytical statistic that measures a regions industrial specialization relative to a larger geographic unit (usually the nation):

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier

A method compares community level employment information, not to the nation, but to other communities of similar size:

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier

A condition that leads to over-estimated multipliers in states like Florida where a large amount of the population is retired and spending income that was not earned there:

[ Choose ] location quotient comparative advantage agglomeration economies factors of production NAICS basic employment non-basic employment transfer income minimum requirement economic base multiplier