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Write about ocean resource economic - Essay Example

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Oceans address common problems such as unemployment, price stability and inflation. This is achieved through activities such as tourism, extraction of minerals in the…
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Write about ocean resource economic

Download file to see previous pages... There are many types of fish found in the ocean thus making the ocean a source of food to a huge number of people. Fishing industry has extensively grown due to a lot of competition. However, individuals engage in fishing as a way of getting their food and others do fishing as a source of their revenue. For those people who engage in fishing for food are just do it for consumption purposes. However, for those people who engage in fishing activities for commercial purposes are industrial fisheries. Therefore in connection with the problem of unemployment is partially solved through the act of fishing. There are both skilled and unskilled persons employed in the fish industries that arise from the existence of the oceans. Therefore, fishing is a factor that leads to decrease in unemployment levels ((Acheson 1975).
As a means of transport, oceans are a medium of transport by the use of boats and ships. This marine industry is a source of employment to a big number of people. Some people are self-employed while others get work in the harbors and others in the ships. Therefore, marine transport helps in reducing the levels of unemployment since quit e a big number of people get employed in the marine transport related sectors. Also, for the business persons involved in the business, they increase the level of tax income in a country and this revenue if used in carrying out a profitable project, and then other people get employed. Hence, marine transportation reduces unemployment both directly and indirectly.
The ocean is a site for recreational activities for people during their leisure time. It has led to the coming up of the tourism industry. Many hotels have come up along the beaches of the oceans. Many people love having fun in different countries that have beautiful sites along the beach and a favorable weather condition. This is a source of employment for many persons either directly ...Download file to see next pagesRead More
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