Economy
The local economy is primarily based on agriculture and tourism. Platanos (or Bananas) are grown throughout the island with many banana farms on the western side of the island in the valley of Los Llanos de Aridane. Other crops include: Strelitzia (or 'Bird of Paradise') flowers, oranges, avocados and grapes (which grow well in the volcanic soil). The wine from the grapes is prized. Local ranchers herd cows, sheep and goats (from which they make goat cheese).
Fisherman operating from Santa Cruz, Tazacorte and Puerto Naos catch fish for the local markets.
Read more about this topic: La Palma
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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)