Economy
As a seaside resort, the economy is mainly based around tourism; there are hotels and guest houses on and near the seafront, to accommodate the influx of all year round visitors. Although the number of hotels in recent years has declined because of the high land redevelopment values, this has resulted in an improvement in quality of the existing premises. The High Street has a wide variety of independent shops and services, and there are a small number of factories mainly situated on the small industrial estates on the town's borders. The above-average population age has led to many health and social care jobs at local care homes. As of the 2001 UK census, 1.8% of the population resided in a medical or care establishment, which is more than double the national average of only 0.8%. Many jobs in education are provided by the town's relatively high number of schools and colleges.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—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)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)