Economy
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Fairbanks offers a diverse economy, including city, borough, state, and federal government services; and transportation, communication, manufacturing, mining, financial, and regional medical services. Including Eielson Air Force Base and Fort Wainwright personnel, over one third of the employment is in government services. The University of Alaska Fairbanks is also a major employer. Approximately 325,000 tourists visit Fairbanks each summer.
Read more about this topic: Fairbanks, Alaska
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)
“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)
“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)