community-based economics

Community-based economics focuses on building local economies that prioritize the well-being of community members and environmental sustainability. It encourages local production, support for small businesses, and shared resources to strengthen economic resilience and social bonds. Unlike conventional economic models that often favor large corporations and globalization, community-based economics emphasizes participatory decision-making, equity, and long-term sustainability, ensuring that economic benefits stay within the community and address local needs. It aims to create a more equitable, connected, and sustainable economic system rooted in the values and assets of the community itself.