Economy
Chukotka has large reserves of oil, natural gas, coal, gold, and tungsten, which are slowly being exploited, but much of the rural population survives on subsistence reindeer herding, whale hunting, and fishing. The urban population is employed in mining, administration, construction, cultural work, education, medicine, and other occupations.
Read more about this topic: Chukotka Autonomous Okrug
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)
“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)