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:
“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)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)