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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—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)
“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)