Economy
Inaccessible Island has been used by the islanders of Tristan da Cunha for several economic purposes. The island has guano deposits and eggs, but due to the difficulty of travelling about the island, the islanders have generally chosen to go to Nightingale Island instead. However, three company ships fish off the coast of Inaccessible. They are permitted by the Tristan da Cunha Annex Penumbra of 1945 to fish up to 3,000 metres from shore.
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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)
“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)
“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)