Economy
Bicol Region has a large amount of rich flat land, and agriculture is the largest component of the economy with close to 50% depending their livelihood on the industry. Coconuts, abaca, banana, coffee and jackfruit are the top five permanent crops in the region. Rice and maize are among the chief seasonal crops of the region. Commercial fishing is also important with thirteen major fishing grounds supplying fish markets in places as far as Metro Manila. Agriculture and fishing are the major factors in the province's economy.
Mining is also one of the contributors to the region's economy. Several handicrafts, jewelry manufacturing, other small-scale industries and manufacturing enterprises bolster rural incomes.
Read more about this topic: Bicol Region
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)