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local economy

local economy

24 3.7
The money, businesses, and jobs that support a town or area
  • noun
  • /ˈloʊkəl ɪˈkɒnəmi/
translation icon : economía local
  • In the 1940s, jute cultivation became the backbone of the local economy.
  • impact on the local economy
  • dependent on the local economy
  • sector of the local economy

So it had an impact on the local economy.

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Examples

  • The flow of dollars coming from elsewhere into the local economy has dropped off a cliff.

    Blog text (3)
  • Khumbu Sherpas have reoriented their local economy and lifestyles around tourism to a degree unequaled elsewhere in Nepal.

    Academic text (1993)
  • The contract paid well, in dollars that went a long way in the local economy.

    Fiction book (2001)
  • In short, the match between the local economy and the type of certificate is critical.

    Academic text (2015)
  • Okay, what if I told you people I was about to pour in $100 million into the local economy?

  • The community college is both a consumer and a producer in the local economy.

    Academic text (1997)
  • Much of that money will be invested in the local economy, since local firms will do the work.

    Academic text (1998)
  • The sanatorium is of great importance for the local economy.

  • The extent to which such opportunities arise is somewhat dependent on the local economy.

    Academic text (1998)
  • Investing in public infrastructure can significantly boost the local economy by creating jobs and attracting new businesses.

Synonyms

economy
vslocal economy
2.6

The system a country uses to make, sell, and buy goods and services

focuses on the activities and finances of a particular area or community
economic condition
vslocal economy
20 3.7

The state of jobs, prices, and business activity in a country at a particular time

includes ongoing activities and resources rather than only a time snapshot
econ
vslocal economy
  • Informal
1 7.2

The state of money, jobs, and business in a country

is the neutral formal term used instead of casual speech

How Prosperous

local economy
24 3.7

Surface Forms

local economy singular

Morphology

local + economy

The phrase is a straightforward adjective + noun composition: 'local' (of a particular area) + 'economy' (the production/distribution system) yields the meaning 'the economy of a specific area.' This compositional pattern is common and predictable across languages, so a B1 learner who knows both constituents will readily understand it.

Etymology

The term local economy shows a simple picture: local means 'nearby' and economy is how money moves in shops, jobs and businesses in a place. So, local economy means the money, jobs and business health of a particular area.