Economy
The province of Romblon has a mainly agricultural economy with copra farming, fishing, and rice farming as the chief agricultural activities. The fertile soil nurtures various agricultural crops like coconut, rice, corn, bananas, raffia palm, root crops, fruit trees, and many others. Its abundant fishing grounds supplies fish to various distribution centers in Batangas and Quezon province. Mining is also a lucrative industry in the province due to its vast mineral resources. Aside from marble, the islands are rich in granite, nickel, silica, mercury, zinc, copper, silver, limestone, sulfide, ores, kaolin, clay, magnesium, and quartz. Gold panning sites have sprouted in some of the mountain stream areas in Magdiwang, Sibuyan Island. In recent years, tourism also becoming a viable source of income for the province as its pristine beaches and crystal clear waters attract local and foreign tourists to visit and experience its physical beauty and culture.
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Famous quotes containing the word economy:
“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)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)