Economy
In the late 1940s (around the time of Indian independence) there was little industry in or around Kakinada, and the local economy consisted mainly of agriculture and fishing. Until the early 1980s (before the fertiliser companies started their operation here), the local economy was mainly based on the textile industry, auto parts, steel industry related ancillary units, agriculture and fishery industries. Today, Kakinada's economy has a diverse industrial base thanks to an established sea port and port based industries.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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 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)