Economy
The city of Geneva dominates the economy of the canton. It is a center of commerce, trade and finance. Geneva is of international significance also as a financial center. A great number of Swiss banks are located in Geneva, particularly in the area of private banking.
The service industry is most significant in Geneva where there are headquarters of a number of international corporations and organizations, such as the United Nations and the International Labor Organization. Agriculture is commonplace in the hinterlands of Geneva, particularly wheat and wine. Precision machinery and instruments are other branches where the economy of the canton of Geneva is strong. This is also reflected in the tradition of watchmaking in Geneva.
Read more about this topic: Canton Of Geneva
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)