Economy
The capital, Lausanne, is the major city of the canton. There are light industries concentrated around it. In 1998, 71.7% of the workers worked in the tertiary sector and 20.8% in the secondary.
The canton is the second-largest producer of wine in Switzerland. Most of the wine produced in the canton is white, and most vineyards are located on the steep shores of Lake Geneva such as the UNESCO World Heritage Site the Lavaux Vineyard Terraces. There is agriculture in the areas away from Lake Geneva. Sugar beet is important around Orbe, tobacco in La Broye Valley and fruit is grown on the foot of the Jura mountains. Cattle breeding and pasture are common in the Alps and the Jura mountains. There is a salt mine at Bex. Tourism is important in many towns along the Lake Geneva. Major lakeside resorts include Lausanne, Montreux and Vevey.
The Union Cycliste Internationale is based in Aigle and many of its defamation lawsuits against critics have been heard in the Est Vaudois district court of Vevey.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)