Economy
Traditionally, Nakhchivan was home to trade industry, handicraft, shoemaking and hatmaking. These industries have been largely replaced. The restoration enterprises and development industry, liberalization of foreign trade and the extension of the customs infrastructure, which has been largely responsible for Nakchivan's growth in the last two decades, are now major parts of Nakchivan's economy.
Read more about this topic: Nakhchivan (city)
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)
“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)
“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)