Economics
The main traditional industry of Velbert is small scale manufacturing, mostly metal based, typical products include locks, hinges, small tools, hoseclamps. Most companies are small to medium scale and many evolved from backyard forges. There are also companies producing parts for the automotive industry, for example the suppliers of vehicle access systems Witte Automotive and Huf. As well as this Stein & Co Gmbh, the makers of Sebo vacuum cleaners, are based in the town.
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Famous quotes containing the word economics:
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)
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—George Steiner (b. 1929)
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—Willa Cather (1876–1947)