spacer
spacer
spacer
spacer
linked image

economic development:

. . . brings about changes . . . where people live, work, and share things in common (source of quote). The process is monitored, manipulated and encouraged world wide.

Economic development . . . can be a specifically undertaken activity (source of quote). The quoted source says economic development . . . might also take place spontaneously.

Economic development blends with enterprise development, another process that comes to fruition in a location. The combination is enterprise and economic development.

Economic development has a plethora of definitions, the most useful of which are those put together for specific locations seeking enterprise and economic development.

The Definition of Economic Development Collection answers the question; what is the best definition of economic development? It does so because it uniquely extracts the commonly used operative words and phrases for defining the process and its practice.

Another question: Is there an official definition of economic development? answer

The .network resource center has an economic development section.



 
 
spacer
spacer
spacer
spacer
 
 
 
 

 

spacer
spacer
spacer
spacer

Enterprise and Economic Development: A Beginning

Somewhere centuries ago people in a place of community recognized that they had something of value to offer in terms of exchange. The place was the center of a local economy. It was at a crossroads through which outsiders regularly traveled.

Outsiders stopped to purchase or barter for goods and services, local entrepreneurs became vendors. Needing to devote time to running their businesses on the street, vendors quickly learned that having a reliable network of suppliers in and around the community was worthwhile. Industrial development began with cottage industries.

A marketplace came into existence along with enterprises, A basic supply chain supported commerce. Wealth was created. The location became a commercial center.

Demand for goods and services increased. Jobs creation came into existence Visionaries and innovators recognized that there were markets in distant places. They acted to reach them, adding a new layer of wealth building to the foundation already established locally. A basic economy was created as roads and waterways became trade routes.

The community not only became sustainable but grew. In the process it seems possible that there might have been a teacher of the economic development process. Some who learned from the teacher became community spirited volunteers. Perhaps, the community decided to employ a particularly productive volunteer, at which point one might say, that person became the original economic development practitioner.

CLICK HERE for various definitions of economic development.


spacer
spacer
spacer
spacer
 
 
 
 
 
Key Phrases for searching: define economic development definition of economic development what is economic development definition of economic development process define economic development process what is the economic development enterprise and economic development relationship between industrial development and economic development relationship between economic development and community development is there an official definition of industrial development
 
Economic Development Services, Inc. -- copyrights and all rights reserved / 02/08/2014