Economy
West Timor has an average unemployment rate of 2.39%. 30% of the population lived below the poverty line in 1998; as of 2012, it stays at 30%. The economy is mainly agricultural, using slash and burn methods to produce corn, rice, coffee, copra and fruit. Some timber harvesting is undertaken, producing eucalyptus, sandalwood, teak, bamboo and rosewood.
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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)