Economy
As of the 2007–08, Mackay contributed $15.4 billion to the Australian economy, or 7.1% of Queensland's GSP. This is largely on the back of its export-oriented industries of sugar and mining.
Mackay is famous for its history as one of Australia's largest cane farming regions. However, in recent years, the mining industry has become the mainstay of the local economy. Heavy investment and planning is also going into Mackays growing tourism industry.
Read more about this topic: Mackay, Queensland
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—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)