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“Local newspapers, radio spots, coupon books, movie theaters and sponsorships are some of the best ways to promote your brand to local consumers,” wrote Business News Daily.
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 ...
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 ...
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.
One study showed that small, local businesses are better for a local economy than the introduction of new chain stores. By opening up new national level chain stores, the profits of locally owned businesses greatly decrease and many businesses end up failing and having to close. This creates an exponential effect.
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 ...
Nearly 1,900 small businesses were within the fire burn zones and were probably affected, according to an estimate from the L.A. County Economic Development Corp. Those businesses supported ...
External economies of scale result from an increase in the productivity of an entire industry, region, or economy due to factors outside of an individual company. There are three sources of external economies of scale: input sharing , labor market pooling , and knowledge spillovers (Marshall, 1920).