Economy
Sugarcane was the backbone of Hawaiʻi Island's economy for more than a century (see Sugar plantations in Hawaii). In the mid-twentieth century, sugar plantations began to downsize and in 1996, the last plantation closed.
Most of Hawaiʻi Island's economy is based on tourism (see Tourism in Hawaii), centered primarily in resort areas on the western coast of the island in the North Kona and South Kohala districts. More recently, Hawaiʻi Island has become a focus for sustainable tourism.
Diversified agriculture is a growing sector of the economy. Major crops include Macadamia nuts, papaya, flowers, tropical and temperate vegetables, and coffee beans. Only coffee grown in the Kona District of this island may be branded Kona coffee. The island's orchid agriculture is the largest in the state, and resulted in the unofficial nickname "The Orchid Isle." The island is home to one of the United States' largest cattle ranches: Parker Ranch, on 175,000 acres (708 km2) in Waimea. Hawaiʻi is also known for Astronomy, and numerous telescopes are operated on the summit of Mauna Kea, where atmospheric clarity is excellent and there is little light pollution.
Read more about this topic: Hawaii (island)
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“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)