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:
“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)
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)