Economy
Due to its fertile lands, El Progreso is a city of great agricultural tradition. The areas surrounding the city include various plantations producing products such as palm oil, bananas, and vegetables. Besides agriculture, the inhabitants of El Progreso also devote themselves to cattle ranching and to the production and trade of textiles.
Given El Progreso's location as a crossroads several fast food franchises have been established in the city to satisfy the demands of travelers. These companies include Pizza Hut, Popeye's, Burger King, KFC, Applebees, Wendy's, Baskin Robins, Dunkin' Donuts, and others.
Additionally, a new, modern mall from the Honduran "plaza" chain of shopping centers has been constructed on the outskirts of the city. The mall, named Megaplaza, officially opened in the winter of 2007, and features a large food court with a vast array of Honduran and American fast food companies, several cell phone stores, an arcade, and department stores including Carrion, the largest in Central America. Megaplaza is also home to a new stadium seating-style movie theater screening the latest films from the U.S. and Latin America.
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)