1. This has the implication that local economies of scale depend only on output. 2. An increase of this magnitude would be seen as good news because it would reflect the sort of continued consumer confidence the economy depends on for growth. 3. A stock market crash, unexpected bankruptcies, defaults, bank runs and bank failures dried up the credit on which any economy depends. 4. According to William Sahlman, another Harvard Business School professor, the old economy depended heavily on big corporations for the development of new products. 5. But even in Florida, a place where the economy depends on crowds hanging out and feeling cool about it, not everyone is comfortable with a crowd. 6. But the economy depends less on the military than on the throngs of Japanese tourists who fill the beach resorts. 7. Cities disproportionately house assets on which their metropolitan economies particularly depend. 8. In Hong Kong, the economy depends on the free flow on information. 9. In fact, the entire Kashmiri economy now depends on the presence of soldiers, insurgents and counterinsurgents to support the people. 10. In the end, the economy depends on people. |