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.
Read more about this topic: Davao Del Norte
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)
“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)