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Markets are always changing and growing, and Economist Michael Shuman from the US says there are some big trends.

 

"We are moving from an economy that's focused on good to one focused on services. when I was a kid growing in New York in the 1950s, my family spent 60-70% of its household income on various goods. today in our countries, goods expenditures are about 30%"

Michael H. Shuman is an economist, attorney, author, and entrepreneur, and a leading visionary on community economics.

Shuman's expertise is on Local Economic growth, and something he thinks can't be beaten is the services provided by local businesses.

 

"It's much more personalized, that shoppers get to know the shop owners, and that people are investing in businesses that they know and love. And businesses are at a scale where the employees know the managers"

Putting your money where your house is allows you to form lasting relationships with businesses, and create great return business!

You can learn more about Michael Shumans work at his website michaelhshuman.com