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Money grows on trees; when you buy locally grown and produced products.(The money cycle is a way of describing the way money flows through an organisation)
From:
Utah Business
| Date:
February 1, 2008
| COPYRIGHT 2008 Olympus Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Too often, consumers spend their money on goods or services with no local presence, resulting in any increased benefits immediately leaving our community. Concern for the Utah economy is not the lack of resources or money flowing through our neighborhoods, but what consumers, public services and businesses do with that money.
[ILLUSTRATION OMITTED]
Suppose that we introduce $1,000 into our community. These dollars are spent on local goods and services. Each of the local vendors or service providers uses the money they received to purchase other local goods and services. ...
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