Economy
Antigua's economy is reliant upon tourism, and it markets itself as a luxury Caribbean escape. Antigua is also supported by the growing medical school and its students. Many hotels and resorts are located around the coastline, and the island's single airport is serviced by several major airlines including Virgin Atlantic, British Airways, US Airways, American Airlines, United Airlines, Delta Air Lines, Caribbean Airlines, Air Canada, WestJet and LIAT.
The only regular service to Barbuda flies from VC Bird Airport. The United States Air Force maintains a small base near the airport as part of its Eastern Range, used for space missions and communications.
The University of Health Sciences Antigua (UHSA) and the American University of Antigua (AUA) College of Medicine teach aspiring doctors.
The country's official currency is the East Caribbean dollar. However, many prices in tourist-oriented businesses are shown in US dollars. The EC dollar is pegged to the US dollar at a fixed rate of $1 US = $2.7169 EC.
Read more about this topic: Antigua
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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)