Economy and Infrastructure
Tourism, the primary economic activity, has steadily increased over the years. As Norfolk Island prohibits the importation of fresh fruit and vegetables, most produce is grown locally. Beef is both produced locally and imported.
The Australian government controls the exclusive economic zone (EEZ) extending 200 nautical miles (370 km) around Norfolk Island and territorial sea claims to three nautical miles (6 km) from the island. The exclusive economic zone provides the islanders with fish, its only major natural resource. Norfolk Island has no direct control over any marine areas but has an agreement with the Commonwealth through the Australian Fisheries Management Authority (AFMA) to fish "recreationally" in a small section of the EEZ known locally as "the Box". While there is speculation that the zone may include oil and gas deposits, this is not proven. There are no major arable lands or permanent farmlands, though about 25 per cent of the island is a permanent pasture. There is no irrigated land. The island uses the Australian dollar as its currency.
Read more about this topic: Transport In Norfolk Island
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“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)