Economy
The major sources of employment are agriculture, dairy and sericulture, floriculture hence it is popularly known as the land of "Silk, Milk and Gold". Farmers in Kolar are totally dependent upon borewell water for irrigation and drinking.
The gold mines in Kolar Gold Fields were closed in the 2003 due to reducing gold deposits and increasing costs of production.
Read more about this topic: Kolar District
Famous quotes containing the word economy:
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)