Economy
Though food crops like paddy and tapioca are cultivated, majority of the population depends on cash crops like rubber and black pepper for income. Recently people had diversified into the cultivation of vanilla on account of the sudden spurt in prices. However, with rubber prices ruling high and vanilla prices nosediving, the original agricultural pattern is seen reemerging. Though there are families with considerable wealth, a large section of the population are farmers with small and medium agricultural holdings.
The Kerala Government has recently(2006) accorded high priority to the implementation of the Meenachil River Valley Project. The project aims at diverting excess water from the Moovattupuzha river into the Meenachil River basin by constructing a tunnel from Arakkulam to Melukavau. Once implemented the project will help in increasing the availability of water in the area.
Read more about this topic: Meenachil
Famous quotes containing the word economy:
“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)
“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.”
—Jane Jacobs (b. 1916)
“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)