Every single American has the power to stimulate their local economies: not by spending more, but by supporting local businesses. In economic theory, more local spending translates into less "leakage". This means a greater percent of the money spent actually stays and circulates within the region, supporting more employment, investment, goods and services. Local spending leads to economic multipliers that strengthen the regional economy.
Smart local investments also involve long-term benefits, many of them non-monetary.
Article continues: Eco-Patriotism And Stimulating Your Local Economy
No comments:
Post a Comment