Localism (economic)

Localism in economics refers to the preference for supporting local businesses, producers, and economies rather than external or multinational entities. It emphasizes keeping money within the community to promote local jobs, preserve cultural identity, and reduce environmental impacts linked to long-distance transportation. By prioritizing local transactions, communities aim to foster economic resilience, build stronger social ties, and ensure that economic benefits directly support local development. Overall, localism advocates for a sustainable and community-centered approach to economic activity, emphasizing the importance of local voices and resources.