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:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)