local economy
Community's financial activity
A local economy is the economic activity within a defined geographic area—a city, county, or region.
It encompasses the businesses, jobs, and money circulating in that community: The new factory boosted the local economy.
Discussions of local economy often emphasize keeping money in the community through supporting local businesses rather than national chains.
- retail shopsConsumer-facing sales establishments
- small businessesIndependently owned, limited-scale companies
- cashReady spending funds
- community eventsOrganized local group activities
- cooperativesMember-owned collective enterprises
community bank · entrepreneurs · heritage · employment rates · agriculture · artisans · sustainability initiatives · job creation · grassroots · consumers · farmers markets · historical landmarks · nonprofit organizations · zoning laws · mom-and-pop · brick and mortar · tax incentives · urban planning
- local financecouncil tax, community banks, budgets, regional banks, state bonds
- microeconomysmall business, micro business, microenterprise, microfinance, microloan
- distributismsubsidiarity, private property, small enterprise, family business, smallholding
- GuantanamoGuantanamo Bay, naval base
- tourismtourists, sightseeing, guided tours, heritage sites, travelers
- city lifecity, urban life, traffic noise, downtown, metropolis
local economyglobal economy
Interconnected international financial system
world economy · global trade · global market · international trade · global commerce
local economyglobal supply chains
Interconnected worldwide production systems
multinational corporations · big business · global capitalism · Wall Street · absentee ownership