Economics
The navigation was never a commercial success, however it did expand the local economy by making it easier to transport agricultural goods from inland County Meath to market. The total cost to build the navigation was £190,000 (in pounds sterling) of which £30,000 was private contributions the remainder being public funds. In the financial year ending in April 1844 income for the navigation was £734.12s.4d. and expenses were £460.6s.9d (both in pounds, shillings and pence).
Read more about this topic: Boyne Navigation
Famous quotes containing the word economics:
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)