Economy
Traditionally, Kysuce is considered to be one of the poorest regions in Slovakia. Inhabitants of Kysuce have to commute for work elsewhere, for example to the coal mines in the Ostrava Region in the Czech Republic, as the region has little industry, particularly today. The worst situation was in the 1990s when many factories were shut down or reduced. However, the regional economy is now recovering and growing thanks to the good ski and cross-country conditions and the Snow Paradise center in Veľká Rača-Oščadnica is one of the most developed ski resorts in Slovakia. There are also many other tourist attractions available, for example the switchback railway near Nová Bystrica, or museum of the Kysuce village also near Nová Bystrica, which was created in 1974 primarily for the purpose of saving buildings from the villages inundated by the Nová Bystrica reservoir.
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Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)