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 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)
“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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)