Economy
Davao del Norte is a primarily agricultural, but also engages in mining, forestry, and commercial fishing.
The principal crops of the province include rice, maize, banana, coconut, abacá, ramie, coffee, and a variety of fruit and root crops. Davao del Norte is the country's leading producer of bananas, with many plantations run by multinationals Dole and Del Monte, and local producers such as Lapanday, TADECO, and Marsman. Davao del Norte is also one of Mindanao's leading producer of rice.
Davao Gulf, to the south of the province, provides a living for many fishermen. Some of the fish products include brackish water milkfish, tilapia, shrimp, and crab; and freshwater catfish and tilapia.
Davao del Norte is a major producer of gold, and its mining resources include silica, silver, copper and elemental sulfur. Small-scale gold mining activities thrive in several areas. There are also numerous active quarries of commercial quantities of gravel, sand, and pebbles for construction.
Tourism is also a major part of the economy of Davao del Norte. There are a lot of beaches on Samal Island, the most famous of which is Pearl Farm Beach Resort.
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)