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:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)