Definitions

1. noun

A local economy, especially in a rural area, that is self-sufficient and often operates independently of national or global economic systems.

“The village relied on its cacoeconomy to provide for its residents’ basic needs.”

2. noun

A local economic system that is characterized by a high degree of self-sufficiency and limited dependence on external markets.

“The community’s cacoeconomy allowed it to thrive in the face of economic downturns.”