Economy
Mugardos is a predominantly rural borough, though important industries like shipyards, foundries, and workshops are to be found in nearby Ferrol. Fishing, farming, agriculture and services are the main local industries.
Due to the economic crisis that has stricken the country and town's economy for the past few years, more than 60 shops in the town started accepting in 2011 the obsolete Spanish currency of peseta, accepting it alongside its replacement, the 2002-introduced euro.
Read more about this topic: Mugardos
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 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)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)