Economy
The village's main industry used to be dry docking and chandlery for the port of Conwy. When the Telford (1826) and Stephenson (1848) bridges were built the village was cut off from the high seas and began a period of decline. Today it is a dormer village, the vast majority of the population either being retirees or people who commute to work. The Cae Ffwt Business Park, located alongside the A470, has seen a number of small businesses set up base in the village.
Read more about this topic: Glan Conwy
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“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)