Economy
Sendai is the center of the Tōhoku region's economy, and is the base of the region's logistics and transportation. The city's economy heavily relies upon retail and services – the two industries provide approximately two thirds of the employment and close to half of the establishments.
Sendai is frequently called a branch-office economy, because very few major companies are headquartered in the city. Various authorities are cooperating to alleviate this problem, primarily by encouraging high-tech ventures from Tohoku University, which is well known for its science and engineering departments.
Tohoku Electric Power, a major regional supplier of electric power, has its headquarters in Sendai.
Read more about this topic: Sendai
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)