Economy
Strong influence on tourism development and structural changes in the economy increased in Denpasar. However, the economic structure of the city of Denpasar slightly different when compared to the structure of the economy of Bali in general, by placing sectors trade, hotels and restaurants dominate the formation of the Gross Regional Domestic Product (GRDP) of Denpasar.
Were also boost the economy of Denpasar is the production of craft items such as handicrafts for souvenirs, such as carving and sculpture. But this craft industry is experiencing stress, in addition to the impact of the crisis and competition between regions, other pressures from competition among other Asian developing countries such as Vietnam, Thailand, India, Malaysia and China . This competitor countries maximize the scale of production by utilizing industrial technology, while at Denpasar craft industry is still maintaining skills (hand made) so that the constraints on the fulfillment of the quantity of production.
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Famous quotes containing the word economy:
“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)
“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)