Posts in this category are about Local Economy. Local ownership tends to maintain local economic diversity because it builds on the loyalty between customers, owners, and their shared community. When local economies are dependent on only a few major sectors, they are vulnerable to changes in outside markets. When people do not meet their own needs locally, money immediately leaves a community. This stunts community development on all levels.

Local economies can be supported by increasing the diversity of local economies and the degree of local ownership. Meeting local needs locally, and using the resulting stability and security to export only high value-added products at the most favorable terms will promote local trading networks and currencies.

(Adapted from ConservationEconomy.net)