Economy
Following the Cabeço do Fogo eruption, much of the lands in the parish were sterile and uncultivateable due to the ash. Gradually, agriculture returned to the area, although the region has been affected by the collapses in the wine, orange and potato crises during the 19-20th century. Cattle and dairy production are one of the two pillars of the economy today. The residents of the parish also rely on fishing, some boat construction and rock/sand extraction as basic sources of income. Although tourism is not an obvious cash stream, the area has unspoiled coastal areas, panoramic views towards Capelo (visible from Ribeira das Cabres) and high cliffs that attract or stop visitors regularly in the area.
Read more about this topic: Praia Do Norte
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“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)