The “residential” economy is based on local consumption, that is to say, all the main economic activities are aimed at meeting the needs of people residing in a particular area. The main characteristic of these activities is that they are not subject to strong external competition and therefore cannot be relocated. The “presential” economy follows a similar logic, except that it is based on the consumption of residents in an area and also the consumption of those who are there temporarily. Therefore, in particular, it incorporates consumption induced by tourism.
The development of senior living facilities throughout France is part of the presential economy, contributing to the revitalisation of areas in several respects.
Five ways to revitalise
regions through senior living facilities
