Economy
The present economic structure emerged from a series of transformations which took place mainly in the 1970s and 1980s. During this period, there was rapid expansion among small and medium-sized firms and a gradual retrenchment among the large firms which had hitherto characterised the region's industrial base. This process of structural adjustment is still going on.
Umbrian agriculture is noted for its tobacco, its olive oil and its vineyards, which produce excellent wines. Regional varietals include the white Orvieto, which draws agri-tourists to the vineyards in the area surrounding the medieval town of the same name. Other noted wines produced in Umbria are Torgiano and Rosso di Montefalco. Another typical Umbrian product is the black truffle found in Valnerina, an area that produces 45% of this product in Italy.
The food industry in Umbria produces processed pork-meats, confectionery, pasta and the traditional products of Valnerina in preserved form (truffles, lentils, cheese). The other main industries are textiles, clothing, sportswear, iron and steel, chemicals and ornamental ceramics.
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)
“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)