Economy
Traditionally, there had been substantive trade between the Langalanga people and people from Buin (Bougainville) in shell money until the emergence of the Bougainville crisis. Most of the private ship owners from the constituency generated capital through shell money trade to build their ships. They took shell money to Buin and traded it for cash and used the cash to build wooden boats.
Until recently, it has been a driving business which can be conservatively valued at $50,000.00 to $100,000.00 per annum. Shell money products include bracelets, necklaces, Tafuliae, Ha'a (smaller beads shell money used in some parts of the country), ear rings, finger ring, 'head bands' etc.
At present, unfortunately, the industry is slowly declining due to input scarcity. The major supplier of raw material South Malaita is not willing to supply any more shells. The only supplier which still sell raw materials to Langalanga people is Western Province although not reliable and in very small quantity.
Read more about this topic: Langa Langa Lagoon
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 (1812–1870)
“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)
“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)