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Showing posts from September 23, 2018

Economy of Switzerland

Switzerland is a land locked mountainous country in South Central Europe bordered by Austria, France, Germany, Italy and Liechtenstein. About two-third of Switzerland is covered with forests, lakes and mountains. It has no mineral resources and thus depends upon imports, processes and resells them as products. The capital city is Bern, and Zurich, Geneva, Basel, St. Gallen are among the famous 20 cities of Switzerland. The currency is called as Swiss franc. Mostly spoken languages are German, French & Italian in different regions as well. Switzerland's independence and neutrality have been honored by major European powers and it was not involved in any of the two World wars.Its neutrality was acknowledged about 200 years back by a treaty of Paris.  The economy of Switzerland is one of world's advanced economies. The service sector plays significant role particularly Banking, Insurance and Tourism industry employing more than 75% of its works force. The country i