Economy
The economy is predominantly agricultural. Products include coco oil, livestock feed milling, rice/corn milling, including the processing of fruits, gifts and housewares made from indigenous materials like handmade paper, roots, rattan, buri, and bamboo; wood-based manufacture of furniture and furniture components from wood, rattan, and bamboo; marine and aquaculture including support services; construction services and manufacture of marble, concrete, and wooden construction materials. There are also mining areas in the province, such as found in the Municipality of Bayog managed by TVI, a Canadian-based mining firm which concentrates on gold mining, and the Cebu Ore Mining which is handling the Ore-Copper-Steel mines. There are also small-scale mines in the Municipality of Dumingag.
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Famous quotes containing the word economy:
“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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)