The economy of Lethbridge is central to the commercial, distribution, financial and industrial sectors of the southern Alberta economy (although Medicine Hat plays a significant role in southeastern Alberta). Lethbridge has a trading area population of 250,000 (including parts of British Columbia and Montana). The city was founded in 1885 as a result of local coal mining and later was buoyed by local farming and ranching. Toward the end of the twentieth century, the local economy started diversifying by focusing more on service-based industries.
Read more about Economy Of Lethbridge: Economic Development, Head Offices, Industry Sectors, Top Ten Employers, Regional Services
Famous quotes containing the words economy of and/or 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)
“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)