Economy
In common with changes in the post-war years most of the residents in employment work outside the village, in Cambridge and elsewhere. There are small industrial units scattered throughout the area, together with a thriving high-street with a selection of shops and small businesses. Marshall Aerospace, the aircraft maintenance company and owners of Cambridge airport, to the North, has been a major employer in recent decades.
In 2001 the economically active population was estimated at 4,186 (70% of the population aged 16 to 74). Unemployment was given as 2.4%.
Read more about this topic: Cherry Hinton
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)