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:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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 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)