What type of economy do towns have?

local economies

Explanation:

Over time, all communities experience changes that affect the industries, technologies, and land use

patterns that help form the foundation of their local economies. Economically resilient towns, cities,

and regions adapt to changing conditions and even reinvent their economic bases if necessary. Even

if the community has lost its original or main economic driver, it has other assets that it can use to

spur the local economy. While most economic development strategies involve some effort to recruit

major employers, such as manufacturers or large retailers, many successful small towns and cities

complement recruitment by emphasizing their existing assets and distinctive resources. This report

examines case studies of small towns and cities that have successfully used this approach