Economy
Mining constitutes a major chunk in the economy of Bicholim with about 36% of the population working for a single iron ore mine owner, formerly Souza Mineralia Pvt. Ltd. owned by M.M.P. DeSouza who formed a partnership with the Dempos, the Dempo clan took over the mines underhandedly and it is now taken over by Sesa Goa which has been merged into Vedanta Resources of Anil Agarwal.
Wednesday is the market day where people in and around Bicholim gather in the main market region for trading small goods/commodities.
Read more about this topic: Bicholim
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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)