Hello my name is Edwin Andino and im with the business group.When we went to work today we learned about the local multiplier effect. IT is mainly about people puting there money into the community, the local business then spends the money at a local store. The iea is that each time the money is spent in the community the money multiplies, hence forth the Multiplier effect. For every dollar spent in the local business .45 cents is put back into the community. With corporate businesses the coumminty recives only15 cents of the dollar,that is only .15 cents is put back into the community. As you can see the more local bussiness we have in the community the better we are in the long run and the more we shop in local bussinessthe better we are.

1 comment:

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