Economy
The coast is Oregon's top tourist destination. In the mid 1980s, the coast's economy was dependent on natural resources. Limits placed on logging and fishing caused further decline. As of the late 2000s, tourism and retirement have provided economic growth. As of 2006, roughly 210,000 people live on the Oregon Coast. The economy is still dependent on natural resources, but the largest contributions to personal income are retirement based and "unidentified". The top three industries are timber, fishing, and tourism. The coast is poorer than the state average, with average income per capita $24,112 vs. $32,812.
Read more about this topic: Oregon Coast
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)
“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)
“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)