Monotown

A monotown, also known as a single-industry town, is a settlement, typically a town or city, where the local economy is dominated by a single industry or company. This often arises due to the presence of a natural resource, the location of a large factory, or other factor that creates a high concentration of employment within a single sector.

Monotowns are characterized by their economic dependence, meaning the prosperity and well-being of the community are directly tied to the success and stability of that dominant industry or company. Fluctuations in the market, technological advancements, or the depletion of resources can have a disproportionately large and negative impact on the town's population, employment rate, and overall quality of life.

Historically, monotowns have been common in resource-extraction industries such as mining, logging, and fishing, but can also exist around large manufacturing plants or agricultural enterprises. The establishment of such towns often involves the company providing housing, infrastructure, and social services, further solidifying its control and influence.

While the concentration of resources and labor can initially bring economic benefits, the long-term vulnerability of monotowns is a significant concern. Economic diversification is often seen as a crucial strategy to mitigate risks and improve the resilience of such communities. Attempts to diversify can include attracting new industries, developing tourism, and promoting entrepreneurship. However, these efforts can be challenging due to factors such as geographic isolation, lack of skilled labor outside the dominant industry, and deeply ingrained dependence on the established economic model.