Economía Local

Local Economy refers to the economic activities and interactions that take place within a specific geographic area, typically a community or region. It encompasses the production, distribution, and consumption of goods and services that are primarily confined to that area. Local economies are often characterized by small businesses, local employment, and a focus on meeting the needs of residents through local resources and labor. The concept emphasizes the importance of fostering economic growth and sustainability within a community, aiming to enhance the standard of living for its residents. Additionally, local economies can be influenced by factors such as local policies, community initiatives, and the presence of local institutions.