Economy
The province economy depends firstly on fishing, secondly on coconuts, thirdly on rice. The province has 169 kilometers of coastline fronting the rich fishing grounds of Panguil and Iligan bays. It also has the biggest area of brackish-water fishponds in the region. Tangub City is a fishing port on Panguil Bay famous for seafoods. Coconut is the chief crop. This is processed into oil, desiccated coconut, and coir, most of which are shipped to Cebu. Coconut processing is the main industry in Oroquieta City. Other crops grown are rice, corn, abaca, coffee, cacao and rubber.
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Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)
“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)