Loconomics

Loconomics refers to a local economy framework that emphasizes the value of local resources, services, and labor within a community. It advocates for supporting local businesses and leveraging community strengths to foster economic resilience, create jobs, and enhance quality of life. The concept highlights the importance of localized exchanges, whether through traditional markets, digital platforms, or cooperative efforts, allowing communities to thrive by relying on their own assets and resources rather than external dependencies. This approach promotes sustainability, encourages entrepreneurship, and strengthens social ties within the community.