Thursday, May 16, 2013
Earned income spend in local community
Many people who work at the fair end up spending the money that they make in the local community. This spending creates jobs in the businesses that provide the services and products .When the money is spent in the community it helps the economy to grow. The employment multiplier; witch is the number that is multiplied by the number of jobs directly involved in the fair to give the total number of jobs created (both directly and in the community by the fair). If the total number of jobs created by the fair was 40, then the employment multiplier would be 1.33 (40/30).
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