Majuro - Economy

Economy

Majuro's economy is driven by the service sector.

On September 15, 2007, Witon Barry, of the Tobolar Copra processing plant in the Marshall Islands' capital of Majuro, said power authorities, private companies and entrepreneurs had been experimenting with coconut oil as an alternative to diesel fuel for vehicles, power generators and ships. Coconut trees abound in the Pacific's tropical islands. Copra from 6 to 10 coconuts makes 1 litre oil.

Air Marshall Islands has its headquarters in Majuro.

Read more about this topic:  Majuro

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)

    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)

    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)