Economy
The province economy depends firstly on fishing, secondly on coconuts, thirdly on rice. The province has 169 kilometers of coastline fronting the rich fishing grounds of Panguil and Iligan bays. It also has the biggest area of brackish-water fishponds in the region. Tangub City is a fishing port on Panguil Bay famous for seafoods. Coconut is the chief crop. This is processed into oil, desiccated coconut, and coir, most of which are shipped to Cebu. Coconut processing is the main industry in Oroquieta City. Other crops grown are rice, corn, abaca, coffee, cacao and rubber.
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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)
“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)
“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)