Describe the economy of Water Island?

NOAA’s OCM maintains the Economics: National Ocean Watch (ENOW) dataset, which

provides time-series data for six economic sectors within the United States that are dependent on

the oceans and the Great Lakes. Based on data from the Bureau of Labor Statistics (BLS), the

U.S. Census Bureau (Census), and the Bureau of Economic Analysis (BEA), ENOW data makes

it possible to better understand the degree to which state, regional, and national economies rely

on the oceans and the Great Lakes. This allows policymakers and government agencies to make

more informed decisions about the management, protection, and use of these resources

when a country suffers, for example, a drought period, the market product is affected for a low offer, in this case, potatoes; the government has to tax to the households, which have to give more money for the potatoes which they consume, that situation make them consume substitute goods even through loans, it could increase the financial market movement and the inflationary phenomena, the business has to increase salaries in order to the employees could buy a more expensive food (potatoes) and in order to inflation tha business had to buy expensive supplies in the factor market, while the rest of the world have to gain more money to consume the same amount of potatoes.