Community-based economics or community economics is an economic system that encourages voluntary simplicity, self-sufficiency, environmental sustainability, and local investing. Examples include supporting local businesses, investing in community (parks, community gardens, infrastructure), time banking/alternative currencies, mutual aid and resilience circles.
Some other definitions and descriptions of community economics:
“In a community economy our interdependence with each other and with all earth others is recognized and respected as we negotiate: what is necessary to personal, social and ecological survival; how social surplus is appropriated and distributed; how a commons is produced and sustained.” CommunityEconomies.Org
“The “new economy” represents an emerging vision for a just, sustainable, and democratic future."