Difference between revisions of "Spin-off Effect"
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| + | In relation to [[Economics]], a '''Spin-off Effect''' is the reaction to a new injection of capital in an economy. For example, if a [[Multinational Company]] builds a plant in a mid sized town that employs five hundred people, not only will demand for general consumer goods, property etc. increase as a result (Causing more employment) but smaller, local firms will inevitably set up to sell goods that needed to be used in the plant. | ||
| + | [[Category:Economics]] | ||
Revision as of 14:42, March 27, 2008
In relation to Economics, a Spin-off Effect is the reaction to a new injection of capital in an economy. For example, if a Multinational Company builds a plant in a mid sized town that employs five hundred people, not only will demand for general consumer goods, property etc. increase as a result (Causing more employment) but smaller, local firms will inevitably set up to sell goods that needed to be used in the plant.