Economy
Tuva has a developing mining industry (coal, cobalt, gold, and more). Food processing, timber, and metal working industries are also well-developed. Most of the industrial production is concentrated in the capital Kyzyl and in Ak-Dovurak. According to the HDI, the republic of Tuva is the least developed region of Russia.
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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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)