Economy
The principal revenue is from tourism. Sidmouth is a retirement location, so pensioner spending is another source of income.
The largest employer is East Devon District Council, whose headquarters are at the former Knowle Hotel. There is a large independent department store, Fields of Sidmouth, which has been on the same site for over 200 years. There are pubs, restaurants, coffee houses, and tea rooms; also an indoor swimming pool, a sports hall at the leisure centre, and a golf course.
Read more about this topic: Sidmouth
Famous quotes containing the word economy:
“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)
“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)