Economy
The Greater Los Angeles Area has the third largest metropolitan economy in the world, behind Greater Tokyo Area and New York Metropolitan Area. A 2010 Greyhill Advisors study indicated that the Los Angeles metropolitan area had a gross metropolitan product of $736 billion. Greater Los Angeles (including Inland Empire and Ventura county) had a $770.6 billion economy.
Greater Los Angeles Area is the home of the US National headquarters of almost all Asian car manufacturers except Nissan and Subaru (Nissan moved to Tennessee); Toyota, Honda, Mazda, Mitsubishi, Suzuki, Hyundai and Kia have set up their National headquarters here.
Read more about this topic: Greater Los Angeles Area
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)