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; everything pertaining to an economy (see below) that produces, develops, and manages material wealth, thus contributing vitality. There are other meanings but here the focus here is on a definitions that fits within the context of the development process (see the definition of enterprise and economic development).

economic enterprise:

... any organized effort intended to provide a service or product within an economy (see below) but not necessarily having a dedication to profitability or contributing directly to the production of wealth within a community. For example, local not-for-profit organizations (nonprofits) and government run enterprises typically extract from a community wealth pool. A business enterprise is an economic enterprise. See the definition of economic development).

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 of Southlake, TX defines basic economy as ... economic activity within a community with a predominant market that lies outside the local economy (source of quote).

See About Economic Development, About Enterprise Development

definition of economic / definition of economic enterprise / definition of economy

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