Economy
The province of Sulu is predominantly agricultural with farming and fishing as its main livelihood activities. Its fertile soil and ideal climate can grow a variety of crops such as abaca, coconuts, oranges, and lanzones as well as exotic fruits seldom found elsewhere in the country such as durian and mangosteen.
Fishing is the most important industry since the Sulu Sea is one of the richest fishing grounds in the country. The province also have an extensive pearl industry. Pearls are extensively gathered and a pearl farm is established at Marungas Island. The backs of sea turtles are made into beautiful trays and combs. During breaks from fishing, the people build boats and weave mats. Other industries include coffee processing and fruit preservation.
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Famous quotes containing the word economy:
“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 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)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)