Economy
The region around the village has fertile soil and irrigation is supported by the river Krishna and it has a plenty of ground water resources. The major occupation of the village is agriculture. The major crops include Banana, Rice, Gherkin, Onion, Maize, Drumstick and plenty more vegetable crops. There are many retail and grocery stores in the village. Property and agricultural land prices in this village are very high and are comparable with top cities of the State. Some of the people carry various business in Vijayawada. Most of the stores in the Vijayawada city are led by the people of this village. Significant number of Young people were in good positions. Some settled as engineers, Doctors, civil servants, managers, and other jobs in both public and private sectors. It is proud to say that the village had some youngsters who spread abroad all across the globe.
Read more about this topic: Venkatapalem
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)
“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)