Economy
The main industries on the island are fishing, sheep farming, government, and tourism. Some oats are also grown, but due to high humidity and acidic soil, the land is mainly used for grazing.
As Stanley is the capital, and East Falkland is the most populous island, it performs an economic role as the hub of the archipelago. Many cruise ships now stop there.
A large economic role is also played by RAF Mount Pleasant, which has a number of British military personnel based there. Although these number a few hundred, their economic role in a population of under two thousand cannot be underestimated.
Smaller industries include horse and cattle farming, and there is also recent evidence to suggest possible valuable mineral deposits on the island.
Read more about this topic: East Falkland
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)
“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)
“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)