Economy
The economic engine of the comune is the frazione of Osteria del Gatto, in the plain below, with several factories (cheese, packaging materials). An unusual aspect of the town's economy is that the municipal government has taken advantage of the winds sweeping the Cima del Mutali to contract the construction of two windmills for electrical generation; Fossato is a net exporter of electrical energy, and the installation turns a profit used for the operations of local government.
Read more about this topic: Fossato Di Vico
Famous quotes containing the word economy:
“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)
“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)
“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.”
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