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:
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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 (1803–1882)