Island Economies
Island economies refer to the economic systems and activities that take place on islands. These economies often rely on specific resources available in their environment, such as fishing, tourism, and agriculture. Due to their isolation, islands may face challenges like limited markets and higher transportation costs, which can affect the availability of goods and services.
Many island economies are heavily dependent on tourism as a primary source of income. Visitors are attracted to the unique landscapes, cultures, and recreational activities offered by islands. This reliance on tourism can create vulnerabilities, as economic stability may fluctuate with global travel trends and environmental changes.