Economy
The Bay Area has a diverse economy with much of it built around aerospace, petrochemicals, and high tech industries. The region's economy is closely tied to the rest of the Houston area though the mix of local businesses is somewhat unique. In 2005, the median household income for the Clear Lake area was $62,061 compared to $50,868 for the Houston area as whole and $45,472 for all of Texas.
Read more about this topic: Galveston Bay Area
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)