Economy
The economy of Northern Mindanao is the largest regional economy in the island of Mindanao. The economy in Northern Mindanao is mainly agricultural. But there is also a booming growth of industries particularly in Cagayan de Oro City and in Iligan City. The famous Del Monte Philippines located in the Province of Bukidnon and its processing plant is located in Cagayan de Oro City, which shipped to the entire Philippines and Asia-Pacific region. The Agus-IV to VII Hydroelectric Plants in Iligan City and Baloi, Lanao del Norte supplies most of its electrical power in Mindanao.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“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)