Economy
Cloves and nutmeg are still cultivated, as are cocoa, coffee and fruit. Fishing is a big industry across the islands but particularly around Halmahera and Bacan. The Aru Islands produce pearls, and Seram exports lobsters. Logging is a significant industry on the larger islands with Seram producing ironwood and teak and ebony are produced on Buru.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)