Economy
Monkayo is predominantly an agricultural town, with vast tracks of land planted to rice and banana. The municipality is also host to the gold-rich barangay of Mt. Diwata, popularly known as "Diwalwal" (which in the local dialect means one's tongue is hanging out due to exhaustion), a 1,000-meter high range known worldwide for its rich gold ore deposit. Its seat of government is located in Barangay Poblacion, a highly-developed rural town center, and is 120 kilometers away from Mindanao's regional center of Davao City, and some 30 kilometers from Nabunturan, the provincial center.
Read more about this topic: Monkayo, Compostela Valley
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)