Economy
Moored fishing boats line the seafront, although the town's economy has drifted mainly towards tourism rather than fishing in recent years. Ever associated with the fishery, in 1973, Cabanas created its first tourist-oriented business. Pedras da Rainha (Queens Rocks), as it was known, provided the first local employment, and over time, it began to look to tourism as an alternative industry to the primary sector. While the fishery is still a considerable part of the economy, by the end of the 20th century, the tourist sector had become the innovator of development in the small parish. Annually, thousands of visitors come to the region to entertain themselves with rich patrimony, including the Ria Formosa Nature Park and the approximately seven kilometres of beaches, dunes and crystalline waters. Supporting these ventures, the local government has maintained a tourist-orient quality of life, with consecutive Blue Flag designations since 1989, for beach water quality.
Read more about this topic: Cabanas De Tavira
Famous quotes containing the word economy:
“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)
“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)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)