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:
“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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)