Economy
Northern California's economy is noted for being the de facto world leader industries such as high technology (both software and semiconductor), as well as being known for clean power, biomedical, government, and finance. Other significant industries include tourism, shipping, and agriculture. Its economy is diverse, though more concentrated in high technology, and subject to the whims of venture capital than any other major regional economy in the nation especially within Silicon Valley, and less dependent on oil and residential housing than Southern California. It is home to the state capital, as well as several Western United States regional offices in San Francisco, such as the Federal Reserve and 9th Circuit Court.
Read more about this topic: Northern California
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)