The Economy Now

THE ECONOMY The miserliness of spic-and-span York is the most successful urban center economy after Tokyo. It is the city that has the most successful in bailiwick and international finance and is the center of corporate supply in finance and services, media, entertainment and telecommunications, manufacturing and trade. At least terzetto of the realism’s primary pharmaceutical companies have fixed at heart midtown Manhattan, as well. The New York Stock Exchange, situated on smother Street, and the NASDAQ are the worlds first and second largest credit line exchanges, respectively, when measured by average daily trading garishness and over totally securities sedulousness capitalization. Financial services account for more(prenominal) than 35 per centum of the citys employment income. Tourism in New York contributes greatly to the economy as well. Places like Rockefeller Center, The Empire State grammatical construction and eventide the site of the 9/11 Tr agedy all wager tourist causing one thousand millions and millions of dollars towards the city. Hotel rates have change magnitude 85% and traffic throught the airports broke the 8,000,000 mark in earlier two hundred5. numerous tourist visit the city in order to beat its art and culture, resulting in a waste and hospitality exertion with more then 600, 000 workers. Television and need production in New York City is another percentage to the economy.

It is the second largest accept and television exertion in the rural area after Hollywood. just about 150 studios and stages support the industry, and fi lm and television costs in the city are str! aightway reasonable that they rival those in Los Angeles. One-third of all indie films are produced in the outsized Apple. The citys movie industry employs 100,000 New Yorkers and about $5 one million million million is brought by the industry to the citys economy every year. More than cc newspapers and 350 consumer magazines have an office in the city. The book publishing industry alone employs 25,000 people. For these reasons, New York is often called the media capital of the world. The city is as well as the...If you want to get a affluent essay, order it on our website: OrderCustomPaper.com

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