Economy
The Chuvash Republic is the most populous and fertile country in the middle Volga region. There are deciduous woodlands on fertile black earth. In agriculture, wheat and sugar-beet, pigs and beef cattle have become more important than the rye, oats, barley and dairy cattle which are typical for the whole area.
The republic is Russia's center for hops growing and is famous throughout the country for its long history of beer brewing. It is also a major center for electrical engineering, especially in the area of power transmission and control systems. Other leading industries are metalworking, electricity generation, and chemical manufacturing. There are also large timber-working mills at Shumerlin.
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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)
“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)
“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)