Answer: Local economics differ from national economics because locally different cities vary in population, the environment where they live and the location. Each of these factors change how items are produced and consumed and play into the national economic level. The population where you live helps determine the demand and supply of items in the area. The environment in which you live (natural disasters, resources, land type) determine the types of goods and services that are available and important in the area. The location in which you live helps determine the ease or difficulty of receiving items in the region you live in.
