Economy
West Timor has an average unemployment rate of 2.39%. 30% of the population lived below the poverty line in 1998; as of 2012, it stays at 30%. The economy is mainly agricultural, using slash and burn methods to produce corn, rice, coffee, copra and fruit. Some timber harvesting is undertaken, producing eucalyptus, sandalwood, teak, bamboo and rosewood.
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Famous quotes containing the word economy:
“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)
“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)
“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)