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Local economic development (LED) is an approach to economic development, of note in the developing world that, as its name implies, places importance on activities in and by cities, districts and regions. Local economic development combines economic development activities, urban planning, infrastructure development and social development ...
Here’s why keeping the doors at a small business open matters for the U.S. economy and local communities. ... “One of the best ways we can support small businesses is to encourage our ...
Community-based economics or community economics is an economic system that encourages local substitution. It is similar to the lifeways of those practicing voluntary simplicity , including traditional Mennonite , Amish , and modern eco-village communities.
The notion of community business is linked to the notion of community ownership, and more widely co-operative models of ownership.. In his History of Community Asset Ownership, [1] Steve Wyler argues that community ownership represents a strain of English socio-political thoughts and activism that can be traced back to the progressive removal of common land from the Norman Conquest and ...
Politicians often argue that small businesses are the lifeblood of America, the engine that fuels the country's economy. But what, exactly, is a small business -- and how big an effect do they ...
To strengthen local economy: Studies have shown that buying from an independent, locally owned business, significantly raises the number of times your money is used to make purchases from other local businesses, service providers and farms—continuing to strengthen the economic base of the community.
The local multiplier effect (sometimes called the local premium) is the additional economic benefit accrued to an area from money being spent in the local economy. The concept has been taken up by advocates for "spend local" campaigns in addition to more formal treatments in the area of regional economic development .
The economics of location refers to the study of the factors that influence the location of economic activity and the spatial distribution of economic phenomena. This includes the study of how businesses and industries choose where to locate, how the location of economic activity affects the local economy and society, and how government ...