02/07/2022
‼️ MILLIONAIRE THOUGHTS ‼️
For us to help the Inclusive Economic Development despite of vulnerabilities and disadvantages is we need to be consistent SUSTAINABLE CONSUMERS that is SUPPORTING LOCAL BUSINESSES.
"IS EVERYONE BETTER OFF IF WE BUY LOCAL?"
ONE TOWN, ONE PRODUCT offers a lot of variety of products from SOX. Every products has its own advocacies and one common advocacies of every MSME's is to really showcase their CULTURE, LOVE, and PASSION that is present to the products.
First, a practical issue.
In a modern economy, almost nothing is produced 100% "LOCALLY." Maybe that product that you buy at the local store was made only five miles from your house. But what you also need to consider are these things:
The materials of the local business owners to make the local products presentable and sellable to the market.
The delivery expenses to deliver safe the local products to the market.
None of these things are made locally.
The fact is, that local product/s isn't as local as it seems, and the profits of the local business owners are also likely to be spent non-locally.
It's important to realize that much of the money flowing into your community comes from the outside. So if it were good your community to stay local, then it would be good for other communities to stay local as well.
Think about all the jobs and businesses that exist today. How many of them could survive solely on local business?
You know, that GLOBE-SPANNING SPECIALIZATION is a huge source of our amazing modern PROSPERITY.
A widely followed "BUY LOCAL" strategy would mean higher prices and less variety. We'd voluntarily make ourselves poorer. That's not to say that some local products aren't worthwhile.
I personally love the freshness and uniqueness of local produce and some unique local restaurants. But I buy those products because they're better, not just because they're local.
The best way to have your local community thrive is to produce products and services that PEOPLE WANT.
🎉Here are the BENEFITS OF SUPPORTING LOCAL BUSINESSES🎉
💼 COMMUNITY ROLE IN DECISION MAKING
- Local business make sure to keep the community involved. This means that regulars and members of the area will have a say in decisions that the establishment makes and will be able to reap the benefits.
💼 INVIGORATING LOCAL ECONOMY
- By contributing to a local business you are taking steps to bring back money to the community. Locally owned businesses are likely to recycle revenue back into the community.
💼 PRODUCT DIVERSITY
- Locally owned businesses are more likely to add their own touch to products and introduce new products than are nationally owned chains.
💼 COMMUNITY GROWTH
- Supporting locally owned businesses increases the overall health of communities by creating economic and social ties between local producers and the consumers.
Small businesses are community members and they're also a resilient group of people. These are people who get by under tough circumstances a lot. We will get through this, and we need to think of creative ways of helping one another to get through this as well.
🎉💖 SUPPORT LOCAL, SHOP LOCAL! 💖🎉
STAY SAFE AND GOD BLESS! 🎉💖😇☺️💗