Community-based economy

A community-based economy focuses on local collaboration to meet the needs of its members, rather than relying heavily on large corporations or global markets. It emphasizes supporting local businesses, sharing resources, and empowering residents to participate in decision-making. This approach strengthens community ties, promotes sustainable practices, and helps keep wealth within the area. By prioritizing local well-being and resilience, community-based economies aim for a balanced, equitable, and sustainable economic system that benefits all members directly.