Local
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Definition
"MG: What do you mean by ‘local’?
Michael Shuman: I define local as the smallest jurisdiction in which you live that has real political, economic or legal power. So if you live in Melbourne, the city would be the relevant area. If you lived in a remote rural region, you might think of a larger area. It’s necessarily a flexible term, but the point that I like to emphasise is that local ownership means that the people who own the business live in the immediate jurisdiction in which it operates."