Economy
A lot of investment has been made recently in the cochinilla farms that provide commodities for the both the textile and cosmetic industries. La Toma historically has provided for many sugar plantations, and where commodities such as sugar, coffee are not often grown to be exported internationally like cochinilla, but instead brought and sold nationally.
Loja has also seen its fair share of mining predominately gold which has consequently caused damage to the environment.
Read more about this topic: Loja Province
Famous quotes containing the word economy:
“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 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)
“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)