When looking at economies on a small-town basis, one of the main concerns that might arise is the large-chain super store that comes into the rural or small-town area. The main concern is that the stores will have a negative impact on the small local stores in the area, due to the lower costs available via a large store. In general, a large super-center store, which opens in a small town where incomes are not increasing, results in losses for the small-business owners. The money made is instead spent in the large store.
Information technology is the development of technology, such as computers and phones. Due to the rapid growth of IT, there is also economic growth. As IT develops, businesses improve, having a positive impact on the economy by making a business more efficient. The impact is therefore a positive impact, though newer technology requires adjustment on the part of the business and individuals working in the business.
Recession occurs when the economy in a country or location turns down. Recessions generally have a negative overall impact on the economy. The Economic Policy Institute's John S. Irons points out that it has a negative impact on nutrition, education, opportunity, investment and the formation of new businesses. Due to this negative impact, it takes time for an economy to recover and improve.
Tourism is a positive for any economy. The exact impact varies depending on the type of tourism and the costs of items. Generally, a tourist destination will result in sales of items like souvenirs and tickets. The main consideration which comes with tourism is the time of year when tourism occurs. For example, beaches often get tourists during the summer months, but might have slow sales during winter. By contrast, mountains might get tourists for snow activities during the winter while the summer months are slow. Benefits are maximized when the tourism trends to any locality are fully understood.