community-based economies

Community-based economies are economic systems where local residents, businesses, and organizations work together to meet their community’s needs. Instead of relying heavily on distant corporations or global markets, these economies focus on supporting local jobs, producing goods and services nearby, and sharing resources. This approach helps build stronger local relationships, keeps money circulating within the community, and can promote sustainability. By emphasizing cooperation and local resilience, community-based economies aim to create a more equitable and sustainable way of living and working, benefiting residents while preserving the community’s unique character.