| Economy by Nick Rebhahn Oops! I want to go home! Hawaii is a tourist state with many activities to do that help flourish the economy and help the state to grow. Hawaii offers national and international research and development as well such as oceanography, geophysics, astronomy, satellite communications, and biomedicine just to name a few. Hawaii isn�t just a tourist attraction but also a land where people live their everyday lives as well. The rank of Hawaii is not sufficiently high in fact Hawaii is relatively low in terms of personal income, farm products sold, value of manufacturing shipments, retail sales, and bank deposits. Another problem Hawaii faces are a very high cost of living does to the taxation on imports such as food as well is Transportation costs. With taxation on imports being so high it makes it hard to build new homes and the economy of Hawaii is facing that problem right now with the demand of more houses it costs too much to get the system of housing production up and running. Efforts are being made to help smoothen out the situation by trying to make apartments and town houses instead of single house dwelling homes for the people. About half of the land is privately owned or by corporations and about one-third is by the state. For Hawaii there is no important mineral deposits or natural resources for it to use to do trading with because the only thing around Hawaii is climate, water supply, earth quarried, ocean and rock. The oil and electricity comes from a few companies in the country and it supplies the electricity to each of the islands. The military however does not share the same system and they have their own set up in the islands of Hawaii. |
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