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:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)