Economy
The major sources of employment are agriculture, dairy and sericulture, floriculture hence it is popularly known as the land of "Silk, Milk and Gold". Farmers in Kolar are totally dependent upon borewell water for irrigation and drinking.
The gold mines in Kolar Gold Fields were closed in the 2003 due to reducing gold deposits and increasing costs of production.
Read more about this topic: Kolar District
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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)