Economy
The island supported a substantial whaling industry until 1980. The position of the island on the Mid-Atlantic Ridge means that deep water is very close. Active industries include tourism, shipbuilding and wine production. Landscape of the Pico Island Vineyard Culture has been a UNESCO World Heritage Site since 2004. It has several notable wines, that are commercialized in Portugal and exported abroad.
Read more about this topic: Pico Island
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“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)