This is the 4486th most frequent German word.
lokaler
"Lokaler" means "local" (adjective) or "locals" (noun, plural) in English, depending on context.
In this sentence, 'lokale' is the feminine singular nominative form of the adjective 'lokaler', referring to the economy that pertains to a specific geographic area.
Die lokale Wirtschaft wächst schnell.
The local economy is growing quickly.
Here, 'lokale' is used in a plural nominative form describing 'Sehenswürdigkeiten,' emphasizing attractions specific to a locality.
Wir besuchten einige lokale Sehenswürdigkeiten.
We visited some local sights.
'Lokale' modifies 'Geschäft' (a neuter singular nominative noun), referring to a shop situated or operating within a particular area.