Economy
- Agriculture is the major economy of the township (43% of township population). Rice, corn and sugarcane are main crops grown in the township. Other choices farmers are wheat, peanut, beans, sunflower, sesame, potato, flowers, coffee, damson, tea, orange, lichee, Macadamia and rubber.
- Agriculture based industry, timber extraction, charcoal production, burnt lime production, apiculture (bee keeping), and animal husbandry are other economies.
- People trade in "Every-Fifth-Day-Markets", which are famous trading places in Shan State, situated in Nawnghkio, Kangyi, Tawnghkam, Ban Bwe, Hsumhsai, Thonse, Hokho and Thayetkon villages. Annual pagoda festivals are also popular trading places. People also trade in brokers' sales centers. Nawnghkio Myanma Economic Bank is the only banking service of the township.
- Mining is another famous economy of the township. Yadanar Theigi Mine in the north most part of the township is famous. Other smaller mines are also functional. Mines in the township are productive of various kinds of metals.
Read more about this topic: Nawnghkio Township
Famous quotes containing the word economy:
“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)