Community-Based Economies focus on local resources and needs, emphasizing the importance of community involvement in economic activities. These economies prioritize local businesses, sustainable practices, and social equity, aiming to create a self-sufficient environment that benefits all members of the community. By fostering collaboration among residents, community-based economies encourage the sharing of skills and resources, which can lead to increased resilience against external economic pressures. This approach often includes initiatives like cooperatives, local currencies, and support for small businesses, ultimately strengthening the social fabric and economic stability of the area.