Economy
As of the latest local government income classification of the Department of Finance in 2005, Antipolo is classified as a "First Class City". In 2007, the city registered a total revenue of ₱993.1 million, an increase of 5.6 percent from the previous fiscal year, in 2010 this amount has grown to ₱1.56 billion. Its proximity to Metro Manila has continuously spurred the growth of the real estate industry and by 2007, revenue from real property taxes has ballooned by 32.1 percent from 2006 to ₱146.2 million as there are also about 456 residential subdivisions in the city.
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Famous quotes containing the word economy:
“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)
“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)