Economy
Since the collapse of the Soviet Union, the relative weight of the service sector in the economy of Moldova started to grow and began to dominate the GDP (now about 75%), as a result of decrease in industry and agriculture. The main economic indicators contracted dramatically.
As of 2009, Moldova has been described by the European Parliament as the poorest country in Europe in terms of GDP.
Read more about this topic: Moldova
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“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)