Economy
Nizhny Tagil is a large industrial center of the Middle Urals. Such highly power-intensive industries as ferrous metallurgy, engineering, chemistry, and metal working are well-developed in the city. A total of 606 manufacturing companies operate in Nizhny Tagil.
Nizhny Tagil Iron and Steel Plant (Nizhnetagilsky Metallurgichesky Kombinat, NTMK) is a leading Russian steel company.
Uralvagonzavod (UVZ) is well known in Russia as the main producer of modern tanks on the territory of the former Soviet Union. The T-72, T-90, and T-95 are produced in the city.
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Famous quotes containing the word economy:
“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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—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)