Economy
The Greater Los Angeles Area has the third largest metropolitan economy in the world, behind Greater Tokyo Area and New York Metropolitan Area. A 2010 Greyhill Advisors study indicated that the Los Angeles metropolitan area had a gross metropolitan product of $736 billion. Greater Los Angeles (including Inland Empire and Ventura county) had a $770.6 billion economy.
Greater Los Angeles Area is the home of the US National headquarters of almost all Asian car manufacturers except Nissan and Subaru (Nissan moved to Tennessee); Toyota, Honda, Mazda, Mitsubishi, Suzuki, Hyundai and Kia have set up their National headquarters here.
Read more about this topic: Greater Los Angeles Area
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)
“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)
“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)