Politics of New Mexico - Economy

Economy

Main article: Economy of New Mexico See also: New Mexico locations by per capita income

Oil and gas production, tourism, and federal government spending are important drivers of the state economy. State government has an elaborate system of tax credits and technical assistance to promote job growth and business investment, especially in new technologies.

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Famous quotes containing the word economy:

    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)

    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)

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)