Economy
The economy in Lanao del Norte is predominantly based on agriculture and fishing. Factories are mostly based in Iligan City. Lanao del Norte is the home of Agus Power plants 4, 6, and 7 that stretch from Baloi to Iligan City. It serves as the power supply in some parts of Mindanao. Tourism is also a growing economy in the province.
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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)
“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)