Economics
A popular resort region for tourists from the Kantō region, the Izu peninsula is primarily known for onsen hot spring resorts in Atami, Shuzenji, and Itō. The peninsula abuts Mount Fuji and is a part of Fuji-Hakone-Izu National Park. The area is also popular for sea bathing, surfing, golfing and motorcycle touring.
Aside from tourism, agriculture and fishing are the mainstays of the local economy. Izu is one of the biggest producers of wasabi in Japan, and the local cuisine offers dishes flavored with wasabi.
Read more about this topic: Izu Peninsula
Famous quotes containing the word economics:
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)