The economy of Boston has experienced a steady growth in the last few decades. Boston is regarded as one of the greatest places in US, where successful business can grow and develop. The most important industries of Boston include tourism, finance, commercial fishing, high-technology research and development, medicine, education, food processing, printing and publishing.
It is evident from the trends in the Boston economy that the primary contributors for the last 2 decades are professional and business services, high technology,
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defense, finance and medical and educational institutions. People nowadays are seeking technology and service jobs and moving away from conventional labor intensive manufacturing jobs.The tourism industry of Boston is very significant and the city is one of top 10 tourist attractions of US. It is a year-round industry and contributes to the economy in a big way.
Earlier Boston was famous as an excellent center for the manufacture of textiles, clothing, leather goods and shoes and the processing of wool. These industries continue to contribute to the economy of Boston.
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