Column: Improving quality of community affects business, economic growth



Almost every community is affected by a simple economic model — regional growth.

Like any model, the regional growth model begins with some hypotheses. First, let us suppose that households that are better educated and more skilled have more choices about where they choose to work and live.

Second, let us suppose that households are willing to make trade-offs between the quality of life in the place they live and their earnings.

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