Economy
Bavaria has long had one of the largest and healthiest economies of any region in Germany, or Europe for that matter. Its GDP in 2007 exceeded 434 billion Euros (about 600 bn US$). This makes Bavaria itself one of the largest economies in Europe and only 17 countries in the world have higher GDP. Some large companies headquartered in Bavaria include BMW, Siemens, Rohde & Schwarz, Audi, Munich Re, Allianz, Infineon, MAN, Wacker Chemie, Puma, and Adidas. Bavaria has a GDP per capita of over $48 000 US, meaning that if it were its own independent country it would rank 7th or 8th in the world.
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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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)