Economy
Davao del Norte is a primarily agricultural, but also engages in mining, forestry, and commercial fishing.
The principal crops of the province include rice, maize, banana, coconut, abacá, ramie, coffee, and a variety of fruit and root crops. Davao del Norte is the country's leading producer of bananas, with many plantations run by multinationals Dole and Del Monte, and local producers such as Lapanday, TADECO, and Marsman. Davao del Norte is also one of Mindanao's leading producer of rice.
Davao Gulf, to the south of the province, provides a living for many fishermen. Some of the fish products include brackish water milkfish, tilapia, shrimp, and crab; and freshwater catfish and tilapia.
Davao del Norte is a major producer of gold, and its mining resources include silica, silver, copper and elemental sulfur. Small-scale gold mining activities thrive in several areas. There are also numerous active quarries of commercial quantities of gravel, sand, and pebbles for construction.
Tourism is also a major part of the economy of Davao del Norte. There are a lot of beaches on Samal Island, the most famous of which is Pearl Farm Beach Resort.
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Famous quotes containing the word economy:
“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)
“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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)