Economy
The economy of Praia is dependent above all on the services sector, with some industry as well.
Some industries exist, located on the coast (fishing) or in outlying neighborhoods (rendering of agricultural products, materials for civil construction, etc.)
However, the principal economic activities of Praia belong to the tertiary sector. Beyond activities related to administration and governance (local and national), there are extensive commerce, services (health care, education, tourism, restaurants and hotels, public functions, etc.), and other activities of a liberal character.
With regard to transport, Praia has a network of urban public transport, a seaport and Praia International Airport. The port of Praia is the principal port of exit for products from the island, and the principal port of entry. The airport, with domestic and international destinations, was recently enlarged to allow for long-haul flights.
TACV Cabo Verde, the national airline of Cape Verde, has its headquarters in Praia.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)