 Northern California's economy is noted for being the de facto world leader in industries such as high technology (software, semiconductor/micro-electronics, biotechnology and medical devices/instruments), as well as being known for clean power, biomedical, government, and finance.Other significant industries include tourism, shipping, manufacturing, and agriculture.Its economy is diverse, though more concentrated in high technology, and subject to the whims of venture capital than any other major regional economy in the nation especially within Silicon Valley, and less dependent on oil and residential housing than Southern California.