Economy
The economy of Carnoustie relies to a large extent on its proximity to Dundee. In the 2001 census, 2,267 people reported commuting to Dundee for work, making up 41.4% of the economically active, working-age population.
Golf is a major tourist draw to the town, and it is estimated that the recent Open Championship contributed £14 million to the local economy. Television coverage during the event was estimated to be worth the equivalent of £34 million in advertising value, half of which was in North America. The 'Carnoustie Country' golf marketing campaign is funded and promoted by Angus Council to promote the area for golfing tourism in the area.
Read more about this topic: Carnoustie
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)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—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)