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:
“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)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)