Economy
Agriculture is the main industry in Albay, which produces crops like coconut, rice, sugar, and abacá. Handicrafts are the major source of rural income. It continues to provide fairly large share in the small-scale industries of the province. Forestry, cement production and paper-making are other sources of livelihood. The manufacture of abacá products like Manila hemp, hats, bags, mats, and slippers is one of the main sources of income in the rural areas. Fishing is the main livelihood along both shores of the province. Tourism because of Mayon Volcano, also draws income for Albay.
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Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)