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economic change:

... a transformation that occurs within an economy that either increases, sustains, or depletes its vitality. Efforts to measure transformations (economic fluctuations) range over periods of stability (economic stability), growth (expansion), and contraction (recession).

Economic changes are typically observed as cycles. Analysis of the economic cycle phenomenon takes various factors into account, e.g. cost of borrowing and level of employment (see ECRI/Businesscycle.com). Extrapolations feed into efforts by government to manipulate or control an economy. Attempts to manipulate or at least influence change, include engaging in various activities of enterprise and economic development. Efforts begin at the community level (within the local economy), as they relate to economic development.

A plethora of definitions of economic development rely on operative words such as community and wealth as well as jobs creation to make their points about how change is affected.

A community economic development glossary suggests that certain consequences of change deemed to be desirable within an economy might ... take place spontaneously, without any deliberate efforts to achieve them (source of quote). The quoted glossary also states that ... the fact that desired improvements do not often appear spontaneously is the reason that the deliberate practice of economic development has arisen. Note that the part of this paragraph that is not quoted makes a paraphrased statement. Also, note that there is an expression encompassing all communities with organized efforts to identify and serve prospects for economic growth—see the definition of places seeking economic development.

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definition of economic stability:

... the comfort zone of an economic system in which people living, working, and sharing things in common are able to thrive in terms of fulfillment of their own wants and needs while feeling secure due to a lack of unacceptable fluctuations.

Economic change is bound to occur and economic stability is always at risk.

Greed, inflation, natural disaster, war, and overbearing government as well as conflict caused by special interest groups, mandated wealth redistribution and loss of confidence in the economic engine are among the things that undo economic stability.

The example factors that contribute to economic instability listed in the above paragraph can also bring a halt to enterprise and economic development which directly affects the constant growth aspect of stability as defined in the in Wisegeek and Wikipedia websites.
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what causes "economic fluctuations"
what causes economic change "enterprise and economic development"
economic change "enterprise development" "economic development"
what is "economic instability" causes
what is a "comfort zone" economic stability "economic development"
what is economic change development "comfort zone" economic stability
definition of "economic phenomenon" business cycle
economic control manipulation political government
control manipulation political government "economic development"
"economic fluctuations" community impact
what is "community economic development" glossary
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FYI: define economic change define economic stability definition of economic change that affects economic development definition of economic stability definition of economic instability definition of economic cycle definition of business cycle definition of comfort zone in an economy definition of economic expansion definition of economic recession definition of economic change that effects economic development change that affects gross domestic product

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Economic Development Services, Inc. / copyrights and all rights reserved / 10/13/2011