Economy
The province of Romblon has a mainly agricultural economy with copra farming, fishing, and rice farming as the chief agricultural activities. The fertile soil nurtures various agricultural crops like coconut, rice, corn, bananas, raffia palm, root crops, fruit trees, and many others. Its abundant fishing grounds supplies fish to various distribution centers in Batangas and Quezon province. Mining is also a lucrative industry in the province due to its vast mineral resources. Aside from marble, the islands are rich in granite, nickel, silica, mercury, zinc, copper, silver, limestone, sulfide, ores, kaolin, clay, magnesium, and quartz. Gold panning sites have sprouted in some of the mountain stream areas in Magdiwang, Sibuyan Island. In recent years, tourism also becoming a viable source of income for the province as its pristine beaches and crystal clear waters attract local and foreign tourists to visit and experience its physical beauty and culture.
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Famous quotes containing the word economy:
“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)