Economy of Cyprus levels of those that live in the capital city: citizens living in the capital express lower levels of happiness. As found in this study, citizens of Cyprus that live in its capital, Nicosia, are significantly less happy than others whether or not socio-economic variables are controlled for. Another finding was that the young people in the capital are unhappier than the rest of Cyprus; the old are not. Economy of Cyprus The economy of Cyprus is classified by the World Bank as a high-income economy, and was included by the International Monetary Fund in its list of advanced economies in
Capital city the nation-state, the capital city has become a symbol for the state and its government, and imbued with political meaning. Unlike medieval capitals, which were declared wherever a monarch held his or her court, the selection, relocation, founding, or capture of a modern capital city is an emotional event. For example: The capital city is usually but not always a primary target in a war, as capturing it usually guarantees capture of much of the enemy government, victory for the attacking forces, or at the very least demoralization for the defeated forces. In ancient China, where governments were massive centralized