The economy of the Fazilka is based on agriculture. Before partition, it was a major wool market. Traders used to export wool to Britain via the ports at Karachi in Sindh. By 2007, wool production had decreased to about 10% of the production before partition. The area around the town grows high quality cereals (wheat, rice, and others). A hybrid variety of citrus fruit known as 'Kino' is grown in this region. The surrounding areas also produce guava and cotton.
The town is home to heritage cottage industries such as the production of woven strings (Waan) fabricated from Sarkanda grass acquired from the bank of the river Sutlej. This is a labour intensive low profit cottage industry.
Read more about this topic: Fazilka
Other articles related to "economy":
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...
... in General Theory of Employment Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to employment that was well below the average ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... governments have to run deficits when the economy is slowing, as the private sector would not invest enough to keep production at the normal level and bring ...
... During its history Quincy has been known as a manufacturing and heavy industry center, with granite quarrying dominating employment in the 19th century and shipbuilding at Fore River Shipyard and Squantum Victory Yard rising to prominence in the 20th century ... The recent decades have seen a shift in focus to several large employers in the financial services, insurance and health care sectors of the economy ...
... Scotland has a western style open mixed economy that is closely linked with the rest of Europe and the wider world ... Traditionally, the Scottish economy has been dominated by heavy industry underpinned by the shipbuilding in Glasgow, coal mining and steel industries ... saw a shift from a manufacturing focus towards a more service-oriented economy ...
... The war furthered the decline of the Iranian economy that had begun with the revolution in 1978–79 ...
Famous quotes containing the word economy:
“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 (18121870)
“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 (18171862)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (18171862)