I need to do an economic impact analysis for a new business that I would like to open in my community that will generate revenue. I have thought of several businesses, but I am not sure that they would actually create ADDITIONAL revenue in the community. The businesses I have considered may be situations of just shifting the spending power among the competing sectors. Does anyone have any thoughts?© BrainMass Inc. brainmass.com September 23, 2018, 8:13 am ad1c9bdddf - https://brainmass.com/economics/labour-economics/economic-impact-analysis-new-business-46698
Answer is included in brainmass.doc file attached below.
First of all this kind of business needs to create a value without shifting the spending and the input used to create this value must be less then output. We can consider gold or metal mining companies as simple examples of these types of businesses. Human labor may be used ...
An economic impact analysis for a new business is achieved.