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.
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Famous quotes containing the word economy:
“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)
“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)
“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)