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Luther's monastery, like many monastic institutions of the time, served as an economic power within the local community by managing extensive agricultural lands, which provided food and resources. The monastery engaged in trade, producing goods such as beer, wine, and textiles, which contributed to local economies. Additionally, it offered services like education and healthcare, attracting donations and support from the community, thus reinforcing its economic influence and stability. This interconnectedness allowed the monastery to play a central role in the local economy and society.

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The benefits of LP are many. From the business side, procuring locally can save on transport costs and times, as well as provide the company with a 'social licence to operate' as it is providing jobs to the local community. From the developmental side, local procurement ensures that economic resources within a community stay in that community to the greatest extent possible, thus increasing economic development in the region.


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What is the importance of local procurement?

The benefits of LP are many. From the business side, procuring locally can save on transport costs and times, as well as provide the company with a 'social licence to operate' as it is providing jobs to the local community. From the developmental side, local procurement ensures that economic resources within a community stay in that community to the greatest extent possible, thus increasing economic development in the region.