local economy
- noun
- /ˈloʊkəl ɪˈkɒnəmi/
- 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.
- So it had an impact on the local economy.
- So and and that's undercutting local economies.
- And there's still this view, at least in a local sense, that military spending is a good thing, good for the local economy.
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
The system a country uses to make, sell, and buy goods and services
The state of jobs, prices, and business activity in a country at a particular time
The state of money, jobs, and business in a country
How Prosperous
Surface Forms
Morphology
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.