Basic Industry
1) Provides community services to outside cities and
2) Brings money into the economy
3) Provides growth
4) Eg: A person who works at the pulp mill is paid from outside revenues.
http://www.businessdictionary.com/definition/basic-industry.html
2) Brings money into the economy
3) Provides growth
4) Eg: A person who works at the pulp mill is paid from outside revenues.
http://www.businessdictionary.com/definition/basic-industry.html
Summary
The basic industry is based along the lines of bringing money into the economy by providing a service to people outside the community. An example of a basic industry would be a commercial fruit orchard. Fruits is grow in mass amounts inside the community and shipped to outside communities in order to provide growth in the economy.
Non Basic
1) Do not generate new money from outside the community
2) Eg: Someone who works at the hardware store
http://www.ask.com/questions-about/Non-Basic-Industries
2) Eg: Someone who works at the hardware store
http://www.ask.com/questions-about/Non-Basic-Industries
Summary
A non basic industry in industry that recycles the money within an economy. No new money is brought into the community and the service or product is only offered to the people within the community. An example of a non-basic industry would be a hairdresser or a local retailer.