Economy
The main industries on the island are crofting and sheep farming, where unique North Ronaldsay sheep are largely farmed collectively. Tourism also plays an important role. The island has a population of 60, roughly half of whom are descended from native islanders and half are new islanders, who have come to live there. There is great interest in attracting new families with young children in order to keep the school open, since that is vital for the economy.
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Famous quotes containing the word economy:
“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)
“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)