According to Wikipedia, the definition of “Economy” starts:
An economy consists of the economic system of a country or other area, the labor, capital and land resources, and the economic agents that socially participate in the production, exchange, distribution, and consumption of goods and services of that area. A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.
When you decide to build a deck, you are pretty much creating your very own micro-economy. That one decision to improve your home’s value and your overall quality of life triggers a whole set of events that have a positive impact on people’s lives.
How does it all work? Generally speaking, the Deck Economy has two phases:
PHASE 1 – The Deck Building Phase
The reality of your specific situation might be different. But, generally, this is how the great majority of deck installations affect your local economy.
Even after your deck is completed, your living on it has an economic impact. The second phase of the Deck Economy is all about outdoor living and commerce.