Economy
Makum is basically an industrial town. There were a large number of plywood factories in makum,but now, most of these have been closed down. There are a large number of tea factories in makum. Other industries include flour industry, candle industry spice grinding industry, etc. There is also a timber treating plant in Makum. There are a large number of small tea growers in and around the town who supply their produce to these factories. However most of the people of Makum are making their livelihood from services of different kinds and small businesses.'
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Famous quotes containing the word economy:
“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)
“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)
“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)