The Enterprise and Economic Development Glossary a resource of the .network library

economic:

... that which pertains to interacting functions of management and production of material wealth; of or relating to implementations that produce changes within an economy or, in other words, economic development implementations that contribute to the vitality and sustainability of local, regional, national and multinational economies. There are other meanings but the focus here is on a definitions that fits within the context of development as it relates to locations.

Economics is the social science that is concerned with the production, distribution, and consumption of goods and services (source of quote). Economics means the economic disipline.

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economy:

... the structure or condition of the production, development, distribution and management of material wealth in a location. The definition of basic economy is divided into a government controlled command economy or free market economy (capitalism). Greg Last, an economic developer, defines basic economy as ... economic activity within a community with a predominant market that lies outside the local economy (source of quote).

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economic enterprise:

... any organized effort intended to provide a service or product within an economy—see the definition of goods and services. An enterprise doesn't necessarily contribute to the production of wealth within a community. Government enterprises and nonprofit operations offer examples because they are in position to extract from the community wealth pool. A business enterprise, on the other hand, is a for profit operation that is expected to input wealth. The term enterprise and economic development used in conjunction with the .network mission statement covers both for-profits as well as nonprofits.

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