Economy
Primary sources of revenue are manufacturing, wholesale and retail trade and services. Mining, farming, fishing and tourism contribute significantly to the economy Manufacturing firms include mining companies, fertilizer plants, sugar central, rice and corn mills and other food processing plants. Tacloban is the hub of investment, trade and development in the region.
Other industries include mining, rice, corn and sugar milling, coconut oil extraction, alcohol distilling, beverage manufacture and forest products. Home industries include hat and basket weaving, metal craft, needlecraft, pottery, ceramics, woodcraft, shell craft and bamboo craft.
Read more about this topic: Eastern Visayas
Famous quotes containing the word economy:
“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)
“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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)