Economy
Due to its fertile lands, El Progreso is a city of great agricultural tradition. The areas surrounding the city include various plantations producing products such as palm oil, bananas, and vegetables. Besides agriculture, the inhabitants of El Progreso also devote themselves to cattle ranching and to the production and trade of textiles.
Given El Progreso's location as a crossroads several fast food franchises have been established in the city to satisfy the demands of travelers. These companies include Pizza Hut, Popeye's, Burger King, KFC, Applebees, Wendy's, Baskin Robins, Dunkin' Donuts, and others.
Additionally, a new, modern mall from the Honduran "plaza" chain of shopping centers has been constructed on the outskirts of the city. The mall, named Megaplaza, officially opened in the winter of 2007, and features a large food court with a vast array of Honduran and American fast food companies, several cell phone stores, an arcade, and department stores including Carrion, the largest in Central America. Megaplaza is also home to a new stadium seating-style movie theater screening the latest films from the U.S. and Latin America.
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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 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)
“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)