Major products from Louisiana include minerals, natural gas, sulfur, lime, pulp, plywood, paper products, seafood and agricultural items like crops and livestock. As a coastal state, Louisiana derives revenue from commercial fishing and shipbuilding as well. The state also contains many natural resources that support mining and manufacturing processes necessary for consumer goods production.Continue Reading
In addition to manufacturing and industry, Louisiana derives economic revenue through tourism. People visit Louisiana year-round from elsewhere in the United States and around the world. In total, visitors inject over $5 billion into Louisiana's economy every year. Popular tourist destinations include New Orleans, Cajun Country and the Mississippi River.
Petroleum production and exportation accounts for a large portion of Louisiana's economic income. Louisiana ranks third on the national list of petroleum producers. Some petroleum exports in raw form, but Louisiana produces finished products like lubricants and gels, too. Most petroleum refineries produce gasoline, and to a lesser extent, jet fuel.
Louisiana's manufacturing facilities produce fertilizer, rubber and plastics for commercial activities. The abundance of trees in Louisiana allows production of paper goods, including bags, sheet paper and cardboard. Agricultural goods include sugar cane, potatoes, rice and cotton. Louisiana also exports tobacco and tobacco products, as well as Tabasco sauce. Aviation and aerospace industries supply economic revenue, as does the film industry.Learn more about Economics
Murfin's Market offers a selection of products that includes fresh meat, produce, grocery items, paper products and frozen foods. Murfin's deli offers hand-breaded fried chicken and Boar's Head meats and cheeses. The bakery at Murfin's Market features bread, pastries and decorated cakes.Full Answer >
Louisiana's natural resources include coastal wetlands, forests, oil and gas, and sulphur and salt. The state also has fertile soil, plenty of rainfall and a long growing season.Full Answer >
Examples of products that have elastic supplies are specifically branded items that have alternatives like Campbell's soup, Marlboro cigarettes and Porsche vehicles; products that have inelastic supplies are cigarettes, gasoline and salt. Products that have an inelastic supply are products that do not have a viable alternative, and buyers will continue to buy them despite the price increase.Full Answer >
Some of Ireland's natural resources include oil, natural gas, peat, fishing, livestock, and numerous minerals, including copper, lead, zinc, silver, limestone, gypsum and gold. Since the 1990s, significant reserves of natural gas and oil have been discovered in the country, although the gathering process has generated some controversy.Full Answer >