Economy
The economy of Carnoustie relies to a large extent on its proximity to Dundee. In the 2001 census, 2,267 people reported commuting to Dundee for work, making up 41.4% of the economically active, working-age population.
Golf is a major tourist draw to the town, and it is estimated that the recent Open Championship contributed £14 million to the local economy. Television coverage during the event was estimated to be worth the equivalent of £34 million in advertising value, half of which was in North America. The 'Carnoustie Country' golf marketing campaign is funded and promoted by Angus Council to promote the area for golfing tourism in the area.
Read more about this topic: Carnoustie
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)
“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 (1817–1862)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)