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)
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Famous quotes containing the word economy:
“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 (18171862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (18031882)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (18031882)