Economy
Industry generates slightly above 50% of the gross national product of Sakha, stemming primarily from mineral exploitation. Industrial enterprises are concentrated in the capital Yakutsk, as well as in Aldan, Mirny, Neryungri, Pokrovsk, and Udachny. The diamond, gold and tin ore mining industries are the major focus of the economy. Uranium ore is beginning to be mined. Turkic-language Sakha are in politics, government, finance, economy and cattle-breeding (horses and cows for milk and meat). The Paleoasian indigenous peoples are hunters, fishermen, and reindeer herders. As of 2008, Sakha Republic is the 19th most developed federal subject in Russia.
Read more about this topic: Sakha Republic
Famous quotes containing the word economy:
“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)
“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)
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—Ralph Waldo Emerson (1803–1882)