Community economic development (CED) involves collective action by community members to improve quality of life through various initiatives and activities. CED aims to develop communities from within by building local capacity, focusing on people over purely economic growth, and ensuring decisions are made locally according to community goals and needs through participatory and sustainable approaches. Some key CED strategies include keeping money circulating within the local economy, adding value to locally produced goods and services for export, supporting local businesses, and maximizing use of community assets and resources.