Economy
The economy of Northern Mindanao is the largest regional economy in the island of Mindanao. The economy in Northern Mindanao is mainly agricultural. But there is also a booming growth of industries particularly in Cagayan de Oro City and in Iligan City. The famous Del Monte Philippines located in the Province of Bukidnon and its processing plant is located in Cagayan de Oro City, which shipped to the entire Philippines and Asia-Pacific region. The Agus-IV to VII Hydroelectric Plants in Iligan City and Baloi, Lanao del Norte supplies most of its electrical power in Mindanao.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)