A Community-Based Economy focuses on local resources and relationships to create economic systems that benefit the community as a whole. This approach emphasizes collaboration, sustainability, and the use of local goods and services, which can strengthen community ties and reduce reliance on larger, global markets. In a community-based economy, individuals and businesses work together to support one another, often through initiatives like cooperatives, farmers' markets, and local currencies. This model encourages self-sufficiency and resilience, allowing communities to thrive while addressing social and environmental challenges.