Economy
Historically Barrow's economy was dominated by the manufacturing sector, with the Barrow Hematite Steel Company and Vickers Shipbuilding and Engineering being amongst the most important global companies in their respective fields during the 20th century. In the present day, manufacturing remains the largest employment sector in the town with BAE Systems Submarines Solutions being the single largest employer. However, like most of the UK, employment trends have greatly diversified since the 20th century and there are no other predominant employment sectors in Barrow.
Read more about this topic: History Of Barrow-in-Furness
Famous quotes containing the word economy:
“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)
“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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)