Economics
Northern Illinois is dominated by the metropolitan areas of Chicago, the Quad Cities, and Rockford, which contain a majority (over 75%) of Illinois' population and economic activity, including numerous Fortune 500 companies and a heavy manufacturing, commercial, retail, service, and office based economy. Much of the economic activity of the region is centered in the Chicago Loop, the Illinois Technology and Research Corridor, and the Golden Corridor. However, rural sections of this region are highly productive agriculturally, and are part of the Corn Belt. The headquarters for John Deere farming equipment are located in Moline. Additional smaller cities in this area include Kankakee, LaSalle-Peru, Ottawa, Freeport, Dixon, and Sterling-Rock Falls, which still have predominantly manufacturing and agricultural economies. Northern Illinois is also one of the world's busiest freight railroad and truck traffic corridors.
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Famous quotes containing the word economics:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)