Economy
Agricultural products of the region include fig, almond, orange, carob bean, strawberry tree and cork oak. Horticulture is important and the region's landscape was known for the large areas of land covered with plastic greenhouses which are used for that end. Fishing and aquaculture are important activities in the coastal area of Algarve, with sardines, soles, cyprinids, gilt-head bream and various seafood, including the grooved carpet shell, being the major productions. Algarve's wines are also renowned. There are four wines in the region which have Protected Designation of Origin (Denominação de Origem Controlada - DOC): Lagoa DOC, Lagos DOC, Portimão DOC and Tavira DOC. Food processing, cement and construction, are the main industries. Tourism related activities are extensive and make the bulk of Algarve's economy during summer time. The Algarve's economy has always been closely linked to the sea, and fishing has been an important activity since ancient times. Only since the 1960s, has the region embraced tourism, which has become its most important economic activity.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
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